Stocks usually followup after a big down move, once the consolidation is complete.
Such moves usually come in the second half in the last 2 hours of market operations.
The stock flashed in the top gainer's scanners showing good momentum. The first entry was on the break of R3 pivot with SL tad below R3 line. Second entry could have been on the BO of the first 15 min candle above the R3 or a minor pullback you see here on lower TF - 1 minuter chart.
Exit in the 40s as the trend starts weakening with RSI in the extremely...
The stock is in a strong downtrend. Morning shows sharp up-move but failed to hold and selling pressure mounted as the stock retested previous supply zone. Can clearly see the RSI divergence and sharp fall at the end of the day.
