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Good news related to an amended financing, along with a passive multi-month B/O into a gap created almost a year ago (tons of headroom). I liked the risk/reward, but holding o/n on a pattern that couldn't hold HOD is probably a little risky. I definitely didn't expect a gap down on a Friday morning, but cut my losses quickly. Also could've sold a little more intelligently after it breached my risk (I panic sold in the first minute).
Broke above the 52-week high ($7.39) made two days ago. Saw that there was not much resistance above, so I waited for a dip. My risk level was at the low of the previous intraday consolidation at 7.31. It breached that a few minutes after entry, and I got out. Likely too extended without a catalyst.
.Broke above key, daily resistance levels at 0.88 and 0.97. Saw good upside to at least 1.5 in the consolidation period above the $1 level, with ample support below (i.e. VWAP, $1 psychological, 0.97 daily level). I put my risk below the 0.97 level. It breached it one minute after entry, so I got out.
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