traderinsight

Pivot reversal in CATM turns a low dollar play into a $2 winner.

Short
NASDAQ:CATM   None
CATM was a low-dollar Fast Ball Expansion-of-range-and-volume setup on the proprietary scanner at TraderInsight.com. The plan was to capture .40 in a quick move below the Thursday low. But an early move through the central pivot, followed by a fib retracement and collapse to 17.40 generated a $2 winner in this sub-$20 stock.

See the logic behind the trade at:
http://traderinsight.com/COD/CATM.png

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.