Massive low float Day Trade in the market today with BPTH making a huge push upwards. The stock started the day at around the $7 dollar area, and by the height of the day, around $14 dollars. Let’s look at my trade in depth!!
I bought this dip off of the Chart Study 9 EMA (Estimated Moving Average) early in the stocks trend with a 1000 share limit order. After that last red candle on the 5 min chart touched the 9 EMA and quickly moved back above the $8.50 area I bought in. After only two more 5 min candles I was able to sell my position in the profit for the day!
My Sell was in the range of that red circle on that big green candle in the image above. This stock created many opportunities to get in and out with massive profits almost all day. Every line drawn on the chart is at the Half and Whole dollar areas. If you would like to see my in depth thoughts on this stock’s chart and Technical Analysis check out the video (here).