Swing trade opportunity here. 5 consecutive lower highs with 1 new higher high. Looking for the next high to be 11.11.
Comments
timwest
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You really like posting on this chart! The volume yesterday was on the downside. Yesterday's range (midpoint at least) is now resistance. I hope you hang in there! What is your stop loss?
ss1
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I think the large short interest makes this one compelling causing some wild swings and the trading opportunities that come with it. That being said it can be risky if you're caught on the wrong side. Stop at 8.87. First target was hit on 6/8 looking for second target in the next 8 to 10 periods.
ss1
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1st target of 10.52 was hit on 6/8
2nd target of 11.11 hit today 6/16