Shared by:
tombro
This big & fast of a pullback may've zapped the juice from it cause it soon rolled over.
Setup: Pullback. Price pulled back to the area of the open and bounced, I entered as it crossed above the 9ema and ema turned back up.
Where are EMA's:price at 9ema, 20ema below
EMA's-Direction & details:9 just turned back up and is at price, 20 is up also
Time Frame Alignment:price at new 52 week highs
Volume:TOO LOW - 302k
Market action-Spy-Sectors-stock:
Stop: Stop 27.39
Target: 1st target 28.04
R/R: 15/50
Are Stop/Target proper: no -1st target shoulda been HOD near 27.78 for r/r 15/24 which is still good
Execution detail:
Comments
tombro
Nape... What kinda share minimum do you trade? Or is it kinda a combo between share # & the way the chart looks? I started out with 1million share minimum but noticed it seemed like a lot of stocks with less had big moves...(I guess cuz the small float? ) so that's why I ventured into sub 1million-share-a-day land
Thanks for yor help!!!
Nape... What kinda share minimum do you trade? Or is it kinda a combo between share # & the way the chart looks? I started out with 1million share minimum but noticed it seemed like a lot of stocks with less had big moves...(I guess cuz the small float? ) so that's why I ventured into sub 1million-share-a-day land
Thanks for yor help!!!
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Day trading stocks with low volume with so many gaps in the intraday charts is not idea to play. Better plays out there.