It was RDBX's premarket high. But it was also the closing price from its massive day on May 2. When it broke that key level, it was a signal to shorts to exit…
But RDBX still has that $11 resistance level overhead, so the intraday move was a little choppy … Stubborn shorts likely doubled down and added to their positions.
Now, Friday's big squeezer was a lot smoother … and there was potential for even bigger gains…
In my Thursday afternoon SteadyTrade Team webinar, I broke down the technical levels that would be in play if SIGA started moving.
On Friday morning, I adjusted those levels based on the premarket action. It was my number one watch and I sent out an alert to Daily Market Profits subscribers with my trading plan…
The plan was to buy a break above the $11 level, risk $10.50, and I had a goal of $12 or higher.
I said SIGA continues to hold up even without any monkeypox news. Plus, it was a Friday before a long weekend, so shorts would likely want to get out if it started to grind higher.
SIGA broke through $11 just before 9:45 a.m. If you took the trade, our risk level of $10.50 was never triggered…
And if you played it safe and waited for a high-of-day break after 9:45 a.m., we got that move just before 11 a.m. Eastern. And SIGA slowly climbed higher all day to a high of $14.50.
Every market-open, this proprietary scanner (with an 85% win-rate on the year) filters through thousands of stocks within seconds to create a list of 20 potentially big-movers.
Imagine the hours of research this powerful algorithm can save you every morning.
Your next big trade could be alerted to you by this scanner as early as pre-market tomorrow…
(As an Amazon Associate, we earn from qualifying purchases.)
13809 Research Boulevard, Suite 500, Austin, TX 78750
*Please note that these kinds of trading results are not typical. Most traders lose money. It takes years of dedication, hard work, and discipline to learn how to trade, and individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose.
This is for informational purposes only as StocksToTrade is not registered as a securities broker-dealer or an investment adviser. No information herein is intended as securities brokerage, investment, tax, accounting or legal advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund.
StocksToTrade cannot and does not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing.
StocksToTrade in no way warrants the solvency, financial condition, or investment advisability of any of the securities mentioned in communications or websites. In addition, StocksToTrade accepts no liability whatsoever for any direct or consequential loss arising from any use of this information. This information is not intended to be used as the sole basis of any investment decision, should it be construed as advice designed to meet the investment needs of any particular investor. Past performance is not necessarily indicative of future returns.
댓글 없음:
댓글 쓰기