After 10+ days of this going red, I put an order of 3000 shares Friday at $0.58, got filled about 2000 shares sadly. Friday was the first day it has closed green. So Monday/Tuesday should follow to be green. I suspect that Monday will retrace hardcore and some profit taking on Tuesday, then off to the races again.
I believe we will see a pullback/retrace to the upside. Resistance at $0.80s and $1.00. Above that and it could retest $2 with a gapfill to $1.50
I will add anything below $0.50, my initial thought was to add at $0.40 and $0.30 to pull back to $0.60 resistance, but we saw a different story Friday when it held at $0.60s. Either way, this is due for a huge pullback which could easily be a +50% runner.
Posted May 12, 18 10:33 AMbySnake89
Tickers
$HMNY
@Snake89 terrible chart and a lousy 6% gain, maybe a little bounce but overall its a shit setup and you need to study otherwise you'll keep taking shit setups and your account will go nowhere
@timothysykes okay, I just didn't understand what you meant by "terrible chart" because what would assume or technically consider this to fall under that? Just because it is a sinking ship? But I was saying it's gotta pullback for correction if anything and Friday closed green holding at 0.60, each time it dipped down it retraced right back up. I try not to trade if I can't see 15-20%. But I am at 15% gain on this, just wanted to take profits alot higher. Which my thought was 0.80s
@timothysykes I am not a millionaire trader like you. I would like to one day. Maybe my thought process and how I interpret this chart is incorrect.
@Snake89 you're on the right track but a 6% gain is shit, you need to study, so watch all my 5,500+ lessons then see
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