Looking to take this trade if we can see some volume go into this stock in the next day or 2 here. I have marked my support and resistance zones that I will be trading off of. With a good technical setup I think we can capture a solid 5-10% move. (Not Financial Advice)
August 25th - Was a consolidation day so I sat on my hands. Watched the consolidation happened between the 25th and 26th and took the trade the next day
August 26th - I took the trade at market open on that 6:45am candle and held it for the bounce up from the pull back to the resistance line of 6.71. Held and scaled my positions up. By the time it hit $9.00 I sold off most of my position and held the remaining 1/10 of my original shares and rode it until AH hours which is where I sold my last bit at 11.78
Happy with the week overall and will be scouting out for the next multi-day runner while keeping an eye on this one. I will be watching for a bounce off of the 8.80 zone with ideals to bounce off the $9 psyche level. Could we potentially get the early bounce off of $10? It is possible but will be eyeing that technical setup with MACD Cross