$MTBC Position size 5000 shares. Entry 0.60   Exit  0.94

Profit +$1,700.00

Catalyst: https://finance.yahoo.com/news/mtbc-announces-partnership-healthcare-compliance-171659699.html   Did not find any news on google finance at all. News released 4/25/17

 

Volume: Absolutely Insane. 

 

Climax:  3 Halts!  

Float 3.5m

Shares short 4k

 

 

Got shaken out $0.94 cents  @1.31p.m. when a dogi star appeared possibly signaling a bearish reversal pattern and an end to uptrend.  After it went on a downtrend to 0.85 cents, it shot up to 1.20 then HALTED.Resumed trading I believe at $1.02. Then Halted two more times after reaching a new high of $1.50.  Most surprising was how it blew past $1.00 with very little resistance like I accidentally ran a relight 3 years ago in my shitty neighborhood. oops. Then, I got really excited when it blew past the previous high of about $1.13.  

This reinforces Tim Sykes teaching of let market action + volume dictate whether it's a play.  

 

The level 2 action was beautiful during the uptrend from .85cents to $1.50. Market depth revealed that there were more buyers than sellers and that sellers were just getting Decimated by the buyers (bullish) . It got halted at $1.50 (last time)  and once it resumed, it restarted trading at around the $1.30 zone and never regained the high as of 3:15pm e.s.t. Trading was fierce.   

It took 3 hours and 20 minutes before traders took charge of this stock. 

 

This has been one of the funnest stock I've ever bought. Despite the early exit. 

 

After hours, showing walls of sellers from 1.30 to 1.42. It may have been the buyers right before it got halted during regular market hours.