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catalyst: Company buying 865 Rite-aid stores. Stock at 20 times the avg volume of 1million. Daily & weekly RSI above 70 and monthly above 60. Low Float 35 million. Candlesticks making higher highs and stock breaking out of $19. Just wanted to ride the wave on this day trade until the news fade away.

A day trade as Shorting is my forte. Stock just dropped from $14 to $13.50 and created a bearish Gap on a 2 min chart. Candlestick Pattern - A bearish Gap that acted as Resistance and the stock made lower highs and lower lows. Support was at 12.50 where I covered. It didn't break below 12.50 as it was a friday and not enough volatility in the stock. Confluence of candlestick pattern and support-resistance.

Stock getting downgraded and is up 33 percent on the day trying to break above weekly highs of $3 makes no sense. Weekly Resistance at 3 - 3.15 and first Support around 2.80. Stock made double top at 3.15 and then went lower highs and lows forming a down trendline. Covered at 2.85 as I needed to focus on BTUUQ shorting that required more attention. Confluence of Candlestick Pattern, Double Top + Support-Resistance + Trendline. A good trade to make $60 within a couple of hours on friday.

Perfect entry, After earnings it created a Gap on upside with support at $13.50. Long at $13.55 on 10/18. News - An Earnings Winner on 10/17, EPS 0.13 vs 0.12 and sales 104.4M vs 101.6M. Analyst upgrade with PT to $16. Close above 4 EMA. RSI above 70. Volume 5 times the avg. Low float 39Mil. Confluence of Candlestick Pattern i.e. Bullish Gap and Support-Resistance play. Sold it as overall market got weak on friday and need profits to gain confidence in the strategy. Will again dip-buy.

Reported Earnings above street views on 11/07. Reported EPS 0.61 from 0.40 a year ago and lower Sales 1.4B from 1.49B a year ago. RSI on daily 12 month chart is above 70. It closed above 4 EMA. Volume increase more than twice the avg. Sold it as it went up to 21 and pulled back. Overall market was weak and I wanted to see some profits to gain confidence in the strategy.
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