Last two earnings were positive
It's right at the bottom of a 4-month trend line
At the support created along the way
It has an upward 'spikey' movement, to over 200% in less than 24h (so it's a quick exit)
Next earning in 30 days
Micro catalyst: New site coming soon
PT > Without clear and strong resistance up until $0.6535 (45.51%)
E > $0.4491
SL > I would exit the trade if the DAY price drops below $0.4051 which would result in a 9.8% loss
R/R > 1/4.65
It's right at the bottom of a 4-month trend line
At the support created along the way
It has an upward 'spikey' movement, to over 200% in less than 24h (so it's a quick exit)
Next earning in 30 days
Micro catalyst: New site coming soon
PT > Without clear and strong resistance up until $0.6535 (45.51%)
E > $0.4491
SL > I would exit the trade if the DAY price drops below $0.4051 which would result in a 9.8% loss
R/R > 1/4.65
Comentarios:
I'm curious about what you think, let me know in comments
Comentarios:
Lessons >
+ Wider stop loss (don't forget how volatile penny stocks are)
+ Wait for good news and then enter at a good price
+ Wider stop loss (don't forget how volatile penny stocks are)
+ Wait for good news and then enter at a good price