Chaython

Low volume Rocket Without Reason

Short
NASDAQ:ENVB   Enveric Biosciences, Inc
This stock had no volume , then shot up today after some minor deal news.
I bought it for a momentum trade, but lost 100.
Broke out from $3 so could correct all the way back down there, though it seems to trade with nasdaq currently. We may also bounce off this support up, as nasdaq comes back up from the gap closure.
Comment: I was trying to draw a 1m head and shoulder, but TV requires 15m chart
Comment: it did bounce, I do still believe it will be short lived momentum, so watch for a short entry.
Comment: The bounce made a lower high, if you shorted from the lower high you'd already be up 30%.