Long

Low cost entry Long - THIS IS NOT ADVICE!!!

Updated
These share are oversold on the longer timeframe and could easily see a return to previous levels, entering with a cost basis of $1.276, looking to collect a little over 30% on the trade shown on the chart. Long from $1.28, looking to actively trail position into profit and trim in the event of failure.
Note
Clearly FED rate policy changes held this back along with recent headlines.
Note
And now they look like geniuses for pulling out of the Florida markets.
Note
Gonna go ahead and close EARLY(before $1.67) and IN Profit(over &1.28 entry) ahead of the CPI print tomorrow. Possible to leave money on the table here but there was a ton of drawdown in this idea for those that didnt wait to enter. Again could see it continue to run up in the next sessions but taking liquidity on a day like today and then waiting for a pullback is the technically safer move when considering exposure. Not Financial Advice!!
Trade closed manually
snapshot
Note
snapshot so choosing to gamble and hold through CPI (technically not a good idea) would have worked out this time and the original idea worked well. NOT FINANCIAL ADVICE!
Note
Today is a perfect example of what can happen in the blink of an eye. Happy to have closed at my target.
Note
And the original bracket with perameters for entry with tp/sl would have work twice during the period currently on the chart
Note
snapshot
Note
something tells me that weekly volume has it's own story to tell.... like insiders jumping ship. While I haven't looked into the filings, I would only think that a short squeeze took place OR insiders jumped out to produce the ALL-TIME record high weekly volume in this ticker.... either way this ship has officially sailed for my trip ;)
NOT FINANCIAL ADVICE
Technical IndicatorsTrend Analysis

Disclaimer