tsx_trader

CYBN Day trade/swing trade potential.

Long
tsx_trader Updated   
NEO:CYBN   CYBIN INC.
US markets are closed, this may get some attention.

Insane volume last Friday that drove the price higher.

This would be a break out based trade.

Im buying a break above 2.50 on a day trade basis, a trade which may turn into a swing trade if volume and movement is favourable.
Comment:
CYBN *may* break above and make a nice move soon. Im holding a position now just to benefit from a possible break above.

Would sell if I see a down trend or closes below moving averages,
Comment:
I had jumped in and out a bunch of times, making a small profit each time. I suppose that it is not ready to make a move and I needed to trim my position in the Psychedelics so I have money to play with. I am out of this trade.


Confirmed break out above 2.60 or a buy and hold can prove to be a good strategy non the less.
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