Just seems so weird how this acted today. There was a huge gap-up yesterday and just plateaued because of good FDA approval news. So today, I figured it would do the same thing, maybe spike or gap up a bit. Saw that it was gapping down big so I saw it would be a really good dip-buy opportunity. I also saw that there was still the news, and the markets were up a ton today, plus it's a friday. All that happened was a little $.02 bounce and created lower lows and so I took about a $50 loss today. Sucks... but I'm confused a bit. Anyone have any idea why it acted this way?
Posted Mar 09, 18 10:16 AMbybullbuster
Tickers
NVIV
@Kody my bad. $NVIV
If you want to look at a good dip buy opportunity, look at ZSAN - A strong momentum stock - NVIV had only spiked the day before. Therefore unless if NVIV had gapped up again premarket, I would just move onto a new stock. I hope it helps :)
@mannieb That does help. I guess I didn't take into account that NVIV just gapped, but still had no volume after the huge gap-up. Gotta learn something every day. Thanks!
Don't forget to look at the daily chart... Look for strong momentum :) Im learning too :)
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