im almost certain this is wrong. this has a history of predicting large gaps up, but it also has a history of being completely wrong more than 30% of the time. i only say this because the strategy makes a lot of money, and even a small gain would be 4.89% to the upside. historically huge blowoff tops in this stock have seen multiple days before they...
the leg up in this particular name has been as stable as the last, and longs this morning should aim to profit from a retracement to profit taking levels, upper band of average trailing 1.5 as the strategy suggests. outlined are the levels where this is possible due to volume and price weight.
A short at 1.19 to 0.9899 with the necessary risk management will bring a 17.08%+ return
IMCC is having a great day with price and volume action. 0.70 to 0.80 target. Today it is giving the Alpha signal
Happy thanksgiving Traders! It is rare that I trade traditional markets but, pot stacks are going to be bangers coming up soon and this one popped out already. I just wanted to give an opportunity to get out and back in for a nice profit. Have a green week! Savvy!