This stock has been having massive morning panics last couple days also with a past history of morning panics aswell. Got to be prepared to get in fast and have your target price with some kind of past popular resistance level. After watching this stock bounce 3 times, it eventually consolidated around $9. This was my entry point because I noticed a pattern of this stock coming back around to test its day highs near market close. Which I will be waiting to sell within this general area pending were I see the massive sellers on level 2. There was potential to play a few small bounces that I have recognized during the day but I resisted the temptation as best volume and trading times usually come into play late trading day. Goal was to make 25 to 50 cents/share. Plan was perfectly executed as I made 36 cents/share.
Been playing mostly MJ sector because it has been working for me lately.
Join now or log in to leave a comment