After January 27th Momentum gain into 3.50s area we seen a heave pull back down below 1.50s. the markets has given time to squeeze out the day traders and i think it's a good time to put on a Swing Play now that we are giving way to a squeeze. holding that 50 EMA. if it breaks past $1.00 i would stop out of this trade. but the R:R is about 1:3 on this play into back into 3.50s with a chance of this going Parabolic all the way into $10+ as we've seen with most of these non-catalyst stocks lately if the Volume increases intra-day.
in for 1200 shares at $1.36 been on this roller coaster since the glory at 3.5 to the sadness at 1.20 lol think its really goin to $10? and what is the reasoning?
Milan_Trades
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@eddiefigs08133 a roller coaster indeed, was trading it way back @ .50 cents. And we’ve seen stocks in this sector go to massive highs TLRY, ACB. This would be the next in the sector to do it. If the sectors hot, run with the trend.
AlexVillalpando
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How do you think NASDAQ compliance in the coming days will affect price movement?
Patl66
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Is it normal to see a bit of downward pressure still? When would you expect your opinion to take affect thx?
Milan_Trades
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@Patl66 you know, I’ve never been to great at predicting when if there’s no catalyst, but once it breaks 1.50s we should see some relatively quick movement. I’m personally not expecting this move for at least 1-2 weeks. But this would be my best time to get in with minimum risk
Patl66
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@Milan_Trades, in at 1350 shares for 1.40 per. Hoping to double.
Nice work! Thanks for the share man. I went full retarded FOMO on this one and bought a 1000sh @$2.50 holding strong since then because I see this stock well above the $3 mark. We'll see how it plays out. Cheers!