1st) This is a former runner. 2nd) Yahoo news today and premarket moving from $4.00 to $7.00.
My plan here is base on the premarket action and go long if it's break the premarket high $7.47ish.
I start in my position around $7.65ish as it break above $7.47 and wait for it to hold. I added a little more $7.74 as it's hold the $7.47 level and heading higher. Exit my position at $8.71 and $8.62.
I start in short as it break below $7.47 premarket high but didn't hold $7.10ish so I exit that short position with small gain. At this time I am looking to go long again if it's holding the VWAP and move volume to break $8.87ish previous high. This is a breakout play. I cover along the way to $9.50ish and $10.01ish.
In the afternoon I start in short around $8.01ish for break below $7.91ish level and cover around $7.45ish..
Pattern using from this trade is: Base on premarket high breakout and short on "HIGHER LOW", "HIGHER LOW" pattern. The trade in the PM is base on fail support $7.91ish... It's the same reverse pattern of breakout.
My tweet before the drop happening. I wait for the setup come to me..
Setup go as plan and exit position.
Hope you enjoy reading. I could have trade better from this ticker today as going long and going short. But I decided not to do much on the way down.
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