I had been watching this stock for a min. It was at b/o level. Oil plays were moving on news of Russia/Ukraine not going well and I believe another country in Africa that had a huge oil issue that would have oil prices going up. I did leave some on the table but when I noticed weakness, I took profits. It's still flirting in b/o zone but I'm going to wait for a catalyst so I not jumping the gun on a rebuy.
Bought near open pushing for a mdbo. More volume in first minute of market open than usual. Got the 5.60 mdbo, topped out at 5.80 and dipped to low 5.60's but held above the bo level. Decided to give it time for more upside since it's still early in the morning and held bo. Made new highs twice. Second time it made new highs it didn't go far and came back down so took profits.
5yr daily chart clean/no OH. Uptrending on board of director news. Low volume but decent wrt my position size. Entered when it was consolidating right at the previous day high + had a lower intraday consolidation right at the previous day close. Was moving my risk up as it was trending higher. EXTREMELY HAPPY WITH THIS TRADE. PROCESS OVER PROFITS! If I keep repeating this trade over and over, I will nail this SH*T, lol
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