daniel44martins

CEI, Breakout in the morning spike missed, not trying to chase it. consolidating around the resistance level and testing support.

daniel44martins
daniel44martins Jul 11, 7:14 AM

I should have entered because I would not be chasing, it was not a short squeeze but a reaction from an acquisition and SEC filing (8-K), which would fit perfectly on my early bird strategy

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daniel44martins

$ALT consolidated and continued to make lower lows, waiting for a strong breakout at the market open around $2.88 level

daniel44martins
daniel44martins Jul 09, 8:54 AM

When the stock does not break the support and keeps hitting it, it means that the stock is trying to break it. Watch for a crack in the support level.

daniel44martins
daniel44martins Jul 09, 8:54 AM

When the stock hits resistance and goes down in a quick move, that means the resistance level is well established.

daniel44martins
daniel44martins Jul 09, 9:20 AM

Waiting the market to open and a morning spikes kick in.

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daniel44martins

KPTI going sideways, watch out for a breakout or breakdown, which may be more appropriate since the stock already hit the strong resistance area (10 - 11$)

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