Pattern used: Support level Breakout & Higher Low.
Game plan: Buy on breakout and short on the top when see "HIGH", "HIGHER LOW" "HIGHER LOW".
Premarket is moving very good from $5.60ish to $10.00 (that is $5 range- lot of meat for me here to play). It's start to sell off premarket already. When market open, It's start to move up with volume, my plan is to go long if it's break above $8.67 line support level of premarket on those circle below. There are at least 3 support levels. I start in long position at $8.80ish and sell everything at $9.97 (hints- sell before the whole # $10) because premarket already sell off. I profit over $1.00.It's just rip to $11.00. I start in short $10.91 because base on the premarket high, it didn't crack and turn around head higher, I exit $11.27. I watch it run up and wait for it to doing the "HIGHER LOW" "HIGHER LOW" $11.89 fail and $11.68 fail. I start in short $11.57 and cover all at $10.38 over $1.00 profit on this short side. Lastly I use the house money to start in the last short around $10.38 risk the $10.50 area. I am planing to cover around $8.00, I head out for lunch and come back it's already double bottom $8.68ish and moving up, I am trying my patience on this last trade but didn't work out so I cover everything at $9.57 before EOD run.
Enjoy and I'll see you all tomorrow.
No comments:
Post a Comment