Analysis: announced exclusive worldwide license of phase 3 ready PSMA. Up 10% P/M on big volume, at 1.57 but has massive resistance in the 1.70. Buy b/o after 1.70? Or buy very early (aka now) and hold for a couple days. Market is bullish - Turns out I was righe, PERFECT b/o above resistance at 1.72, blew right trough it and went all the way to 2.75.
Entry: Great news, biotech stock/biotech environment ridiculous right now, decided to enter with a small position as I’m still learning and building up confidence. Was aiming for the stock to spike near market close.
Exit: Exited my position with a nice %gain a little after my target was hit, I saw it kept going to I held a little longer. Still unsure/unexperienced about the behavior after hours so I sold right before market close.
Comments: First gain ever following the right pattern and rules. I had won before but it was neither the right stock nor the right pattern.