AKYA

- review: no real pattern established at entry 3.84, but nice timing. Next three candles pushed to 4.48 for 10%+, but got greedy.

Target goal and signal goal got mixed. Target goal hit, but held hoping for signal goal...?

Bearish head and shoulders formed in what looks like an ascending triangle. Failed VWAP around $4, cracking down below ascending triangle (first breakdown confirmation) to breakeven. Didn’t take it. Got near first stop, sideways, cupped up, then failed 3.91 oracle level (second breakdown). straight down to first stop (third), cracked, then second stop (fourth). Down to third stop (fifth), channeled third and second stops to open. Down 14% at open to my 4th stop. 

 

Lesson: take profits. Follow the signals you put in place. Cut losses- GTFO.

 

VMAR and AKYA similar chart pattern in premarket.

MC= 9.7M vs 143M

Float= 73K vs16M

Volume= 103M vs 15M

… one went up at Open. It wasn’t AKYA.