$6 Profit
RCELLong Stock
battenman20

Held over weekend as stock held up at the highs at 4pm close. Monitored all week as stock went through the 7 step pattern. Trade idea was to wait for b/o>$8.35 MR and short squeeze as shorts were trapped. On Friday b/o>$8.35 but could not hold therefore trade idea no longer valid as shorts soaking up excess liquidity from Longs selling. Was a great exercise in understanding how a share can be held over mutliple days provided it continues to hold at or above highs in prep for a short squeeze.

000
DatePrice
Entry8/7/20268.057
Exit8/13/20268.24
  • Total Views12
  • Position Size35
  • Percentage2.27%
Copy and paste the following into your page or blog. If using WordPress, you must paste this in the HTML tab only:
Join now or log in to leave a comment