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Here is what is currently happening.
This was a failed RCT play. I entered the stock based on its news regarding its fuel tank authorization in the gulf. I entered at the RCT entry point, however, it was having trouble getting over $4, so I cut it when it hit my stop loss. Another disciplined trade that I cut for a small loss. Good lesson.
Bought as a dip buy during premarket trading. Moved sideways for a while and volume dropped off. I found couple support levels that held so I hung on to see what would happen around 6 this morning. My thinking was the stock could have some good upward movement if it gets above $1.20 It finally broke out above $1.20 and took off. Took my profits when It started to stall and pull back around $1.28. Price continued into the $1.30 range. Glad I took profits, and trying my best not to get greedy.
