Saw this one came out of the gates hot, and the whole solar sector has been on fire, and was looking for a swing play I could buy, set a stop, and get some shit done today! Was watching a 1min chart and thought I was buying a little pullback, but it pulled back a little more and realized I bought early(coupled with a high fill price...was trading around 4.16 when bought) and in an area of interest. Was lighter volume pulling back which is always good, and have my stop at 4.10, just two cents under pullback low, so not risking too much. Looking to swing towards $5 mark. Welp, already stopped out. Shitty day in the markets. Just not a lot of follow throughs. Update...seems I did exactly what I shouldn't have...seems since I had a stop they went that low just to take my shares ha! But bought high, sold low...should have set my stop at day open just so it wouldn't go red, but never know if it will turn around or not..but oh well, lesson learned, glad I stuck to my rule anyway. Ended up coming back around for a bit and making an intraday wedge with 4.18 being resistance. Of course breaking it right before close and retesting the days high of 4.23 and closing the day at 4.18. Will keep on watch still for that 4.25 break.
800 shares
-$72.00
Execution detail:
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