3.75-3.80 defended well all morning. Played for a reversal. Not perfect, could be argued as a descending triangle with P/M levels. Big picture was it's still a G/D so kept that in mind. Pretty much nailed the bottom, call it luck. Blasted through 4.1 tech level, and held. It looked like there was gonna be another leg up after some chop in 4.20s but it was met with sellers. I'll take my 10%ish!
2.60 hard wall. In on the dip risking off 2.33. Just a few seconds late on my sell, lot of slippage unfortunately. Plan was to sell into HOD break 3:1 r/r. Purely a nail and bail play, saw the sell sign but slippage got me. Volume was coming back. Just hit a wall I didn't see fast enough.
.72 cent entry, chased a bit too much strength in hindsight. 70 cents was then holding for awhile, tested .75 once but failed. Out after .7 cracked. Still holding it's gains for now, but couldn't get enough buyers. Didn't respect risk again, but gave it time to work. Contract news might've been more bullish had the other company been named.
Wanted 2.65, waited for the dip. Once it broke HOD thought it could test 3.2, piece out along the way, risking 2.60 ish. Once it broke bull pennant started to form, but rejected and mini panic. Wall of buyers very solid during pennant. Tried to take a little profit but wasn't bouncing so got out at B/E, again not respecting risk but still glad with execution, glad with the pick too. Former runner, intraday chart solid, catalyst fluffy, r/r 5:1, didn't work out this time.
waited for pullback to 2.20ish level. watched L2 closer than T&S, helped see the heaviness on the ask, very nimble eyes. risking LOD playing for 3, 3:1 r/r. and it's now under 2.2 consolidating. wanted it to do another 200K volume bar to see what would happen but never got that 2nd wave. dilution earlier this week
Got the entry i wanted low 5s. Couldn't reclaim VWAP. Entry was solid, let the dip form. Then it set a lower high and lower low. Ask just didn't let up, constant wall on every downtick. Risk was 5, I know that yesterday I said I wanted to let my risk play out but this one had more concrete signs to sell.
Couldn't push even though bid would stack pretty well...lots of sellers in 4.20s. Tried to think of who would be selling there, couldn't come up with anything. Fundamental catalyst will probably be better than just a technical catalyst. Out because it looked like a head and shoulders was forming. Maybe just too early, thought about swinging.
Risking double bottom at .31. 32 cents was key, VWAP. People showing size whenever it touched that level. but it could never crack. Volume was ok. Thought there was enough buyers on the tape to get a crack but .32 held strong. 5 minutes of waiting for a crack. Got uncomfortable so I'm out.
Chased entry. Initial thought was .32. should've entered on pullback. Confirmed breakout. Pretty comfortable trade. Higher lows, 3 min chart helped keep perspective. Lot of people showing size when it was trying to break HOD. Shook me but stuck to plan. Risk was .31 reward .40. Only 2/1 r/r but B/Os haven't been a strong listed pattern. Watched chart and tape and tried to not be swayed by L2. wanted one more leg after .36 but big pullback and it just double topped at .36. ENTRY ENTRY ENTRY.