Looking to perfect (2) strategies - dip buying into clear support levels 15-30min after market open & swing trading reverse split pumps.
This morning, I was looking for a clear dip buy into morning resistance on premarket runners. The (3) stocks I was looking at was ONVO, LGVN, HUBC. I need to do a better job of making clear watchlists and watch (3) stocks maximum at market open for potential dip buys into clear prior resistance.
I went with ONVO, which had a catalyst/ PR of positive mid stage results in their phase 2 clinical trial. I liked the catalyst and thought the stock could DNR for a 10-25% run.
LGVN did a PR last week to complete and offering then is PRing again this week. A pump and dump and pump. But even with the shadyness of the company, the stock ripped from testing premarket low at $2.21 up to market high of $3.41 (50%+) and could have easily hit my 10-15% profit target. Good entry would have been first 5 min of market open and could have had a tight stop loss with clearly defined risk/reward.
HUBC retested premarket lows from 30-45 min after the open and ran up 25% from bottom to top.
I took a small swing position for a lesson on MYSZ stock split news, trying to understand how to get good entries on stock split pumps, hoping for a company PR sometime this week.
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