I entered a position in OPTI, but I got less than a tenth of the position that I wanted and didn’t want to chase so I decided to use this position to play price action only. If I would have had my full position I would have been selling at least half into the HOD push to .1025 late day as that was an 11% win on my entry. Since I only have a fraction of a full position I decided to hold overnight for a possible gap up as OPTI has a history of gapping/morning spiking after a FGD even if it doesn’t end day 2 green. I should have a chance to sell into that gap/spike.
Possible Reversal Long
GTT is still putting in red days, I will continue to watch it for a reversal long opportunity.
Possible Morning Panics
MSRT was pretty much sideways today, I will continue to watch for a panic dip buy.
LWLG didn’t quite panic enough but did put in a 1st red day. I will continue to watch this one for a panic.
ENZC also didn’t panic over 20% but put in a FRD so I will continue to watch for an actual panic.
RSHN had a decent 21% panic dip buy opportunity in the first 15 minutes. It is still up more than 200% on this latest run so I will continue to watch for another panic.
Possible Breakouts
PHIL would have been a great buy right at the open as it opened over the .0073 HOD from Monday and offered a 22% possible win in 9 minutes. This one seems to be speeding up, although I’m not extremely big on possibly buying on day 3 of a run. There was an obvious double top at .0094, so I’m going to watch it for a breakout over that level for a possible entry.
DPLS is a former Supernova that is spiking on a letter of intent to acquire 2 drone based AI companies. There is a multiweek resistance level in the .025 area. A break of that level could present a nice 20%ish win before the next possible resistance level of .03 from February. I’ll watch this one for a break of that .025 level.
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