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I am out of this one. 4% gain.
Two very heavy 10 minute volume bars started showing up lower on Thursday and Friday. That and yesterday's fairly low volume jump up almost got me to close the position yesterday. This morning's low volume response to the break certainly isn't skipping ahead. Additionally today's trade is still below the HEAVIEST 10 minute bar.
I am more interested in the classic moves like INVN had off the 50 day line though I will definitely keep this on my watch list.
Abe...thx and I followed suit with a small gain. I still have some learning to do on the intraday analysis.
Me too. Yesterday morning's parabolic sweep up was on prettly low volume. Then it gave us wedging at the end of the day. If we were super quick, we could have skipped this morning's break. Overall SLXP is just very slow out of the gate. Two weeks and not even 10% from the pivot.
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