$184 Profit
WIMILong Stock

I now have a repeatable pattern to play off of, bull flag with a W shaped consolidation in the flag. Flag forms a head and shoulders pattern but does not complete the right shoulder, drawing in shorts and leading to a short squeeze. The pattern appears intraday as well as on larger time frames. Look for a stock that has been beat down hard recently or, like this case, has been in a down trend since IPO. Seems like this happens at an RSI of 48ish on a 1 hour chart.
Newsletters:Pennystocking Silver
Broker:TDAmeritrade
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| Date | Price | |
|---|---|---|
| Entry | 7/10/2020 | 8.9118 |
| Exit | 7/10/2020 | 9.47 |
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- Position Size330
- Percentage6.26%
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