Opened half-sized position on strong move over two important pivots. No earnings as of yet which would normally be a red flag, but strong volume patterns all over this lithium company's stock make it difficult to ignore. Other lithium stocks (ALBLAC) showing strength & look like they're ready to break out of bases. SLI displaying relative strength within its group by breaking out ahead of these other lithium stocks.
Stop loss below Monday's low.
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Good follow through on above average volume that was higher than entry day. Looking to add size if it allows me to.
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Sold half at $12.72, stop moved to b/e. Want to buy shares back lower, if possible.
Trade closed: stop reached
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Stop loss hit at breakeven on the final half of the position. Has rebounded nicely since. May look to rebuy on Monday.