I want to go over this ticker $SIEN today. $SIEN was on the gap up very nicely premarket, therefore I put it on my watchlist for morning potential play. Just watch it move on premarket high is $8.84 and doing the "1st LOWER HI" ~$8.51 "2nd LOWER HIGH" ~$8.26 as line shown below. So my plan is to risk base on those 1st & 2nd lower high value. I watch out of the gate and drop from $8.00ish to $7.55. I start in short small starter position at $7.60ish and plan to scale in as it move higher up to my 2nd($8.26) & 1st($8.51) risk level. I want to short some more but I accidently hit the wrong hot key that cover some of my position. Then it's just drop right back below $7.60ish. I start to short some more around $7.55 and $7.47. Cover 1/3 of the position at $6.95ish. Using the house money to short more with the new risk around $7.07 as line shown below. Then I cover more at that big wash $6.40ish and $6.20ish. I short some more on that pop $6.55ish risk the previous low around 10:00am plus the previous day close $6.58 and goal is to cover under $6.20 but it's getting to the lunch time and perking up so I close out all position around $6.45.. Call it a weekend.
Thank you for reading. Enjoy your weekend. I'll see you next week for more trade status.
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