VVPR Trade on Apr 17, 2024 09:04 from Rad_Trader: Tradervue User Stock Trades.

Trade Review

Play: First Green Day Bounce on a technology stock, small float

Big Picture:

• Big drawdown from the high $9s been slowly fading for over 7 days then consolidating around $3.75
• Was looking to risk the LOD over the period of the consolidation, $3.70
• Had been fading for sometime with no look of shorts covering yet, was looking for them to be covering in the consolidation
• Traded 192,000 volume on the day of this trade

Scanner:

• SPY was choppy all of yesterday, made no trend moves or any clean moves. Right now it's gapping up.
• Top percent gainer is INVO, an earnings winner that made it's initial move in after hours

Technical Analysis:

• Float: 1.94 mil
• Support: $3.75
• Resistance: $4.17 and $4.80
• Dilution: Warrants at $13, two ATM's and two shelfs

Intraday Chart:

Thesis for the trade:

Wanted it to hold this consolidation zone, and was looking for shorts to cover and have this gap up off this support of $3.75

Trade Management: Day 1 of my entry it never breached my risk, so looked to swing it into the next day, that's when I cut after it breached the $1.70 level

Price Target(s): $4.17 and $4.80

Stop: $3.69

What Do I Need to Improve: Don't see this as a bad trade, was a calculated risk and feel like it could of gone either way

Thoughts on the Trade After Being Executed: I don't really like play off of consolidation on the daily chart when looking for a FGDB, especially after such a long fade