$18 Profit
MRSNLong Stock
DerekMelchin

I first looked at the daily chart and saw that it was getting very close to a b/o and gap-fill area. Ever since the earnings release 2 days ago, the stock has had up days. It wasn't quite at the b/o level yet, so I just waited. As soon as it broke inside the gap-fill area, it looked very weak. It only b/o by $0.01 and then came back. I watched it retrace back down, then b/o again. This time, it was more convincing of a b/o and I attacked with fair size, risking off the previous support.

000

DatePrice
Entry3/12/20194.95
Exit3/12/20195.07
  • Total Views13
  • Position Size150
  • Percentage2.42%
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