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$ECYT trade, 40M float, Analyst initiates coverage, PT$17.00, 3.00 range. Scratch. Got in one resistance level too late. Actually dropped too much at open. Will avoid this pattern going forward.

Chart @ 11.00AM. Delayed move 40 mins later as it held 10.00 and move back to the 10.60s

Posted Apr 13, 18 10:17 AMbyPandabear
Tickers  ECYT
Views 345 / 1
Received 1 Karma
IceMan14
1
IceMan14 Apr 17, 18 7:59 AM

With ECYT you bought the first green candle to make a new high but not the true breakout. Or just buy when its proven to hold support not when it reached it.

Pandabear
Pandabear Apr 17, 18 11:06 AM

@IceMan14 it wasn't the true breakout but 10.30 was still a resistance break pm. It was still a 2.5:1 r/r but I wanted more. The true breakout was 10.40 which should've the first breakout at the open not 10.20 which was too much of a drop.

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