Hello Successful Traders,
The stock (RHE) is manifesting an immensely volatile pre-market (sporadic) fluctuation. The overall Market trend still appears to be consolidating (negative trend) to push towards the downside. Consider various variables that can influence the influx of PA (Price Action).
Resistance Level 2 - (21.00 - 21.60) 60 cent interval
Blue line are the Pt. I am going in with 1K, the setup is bullish ;)
Note: When trading penny stocks
1. Look at the volume in 15 min TF
2. Trade using 1 min TF
2. If the price is increasing with decreasing volume, stop at the next fib usually 1.618
3. Observe the volume at each fib level extension, enter at .5 retracement or .38 retracment, stoploss below .38...