Todays trades were very slow! The momentum just wasn’t really there today. I got very lucky at the end of the trading day with SESN!
This stock had a very strong day with a huge upside slow roll! This stock went from around $1.20 cent to around $1.50 cent area before selling off at the end of the day for which I was able to take full advantage of!
As you can see this was a slow grinder type of stock, no momentum really in any of the upward trend. Towards the end of the day I noticed the price action struggling at the $1.50 area, barely making it past that point!
On the chart we can see in the circle where the price action started to stall, making two doji’s and then a red candle! The price action then dipped with a massive red candle! I went short on the pullback on that same massive bearish candle and held for a bit! This trade was really slow…….just FYI. My short of 3000 shares put me into the green $210 for the trade, but only $115 for the day due to red trades placed on RWLK! See the chart below for an illustration of the trade!
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