Hopefully this can have a morning spike or even gap up, I will be conservative in taking my profits if it does spike. Only because there is so much resistance overhead. People will remember its supernova short squeeze that happened a while back (especially people who are short) and they may be scared out causing it to spike. After the big runup there hasnt been much spiking, if any, and this potential spike could have a lot of shorts that havent covered their profits yet. Since this could be the first spike after the tank, I think that alot of shorts are sucked in and will be forced to cover into the runup.

 

I am disappointed in this trade a little bit because I did chase it into the close almost forcing an execution at a price too high for my comfort. Because I feel like the upside is so great I tried to justify my chase.. which is not what I should be doing, anyway, it is a small starter so I am willing to hold overnight a risk a little bit more.