IND penny IT with the earnings beat no more cash drain LONG
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Volume, Volatility and Price Breakout on the 60-minute chart. Relative Volume was beyond 10X
The predictive algo has a continuation for Monday with a momentum fade over 4.25 topping at
4.5
I will take an intraday trade here potentially buying in the premarket. The target is the high
pivot forecasted by the algo about 30& upside. I will set a 7.5% stop loss and risk 0.01% of
capital in the trading account. I will take off 25% upon reaching 4.0 another 50% at 4.50 and
the remaining 25% with a 5% trailing stop loss to ride the momentum fade.
This is probably not shortable. The April monthly options pumped 6x to 30x on the earnings
report. They will have continuation on Monday 3/26 after that the put options will be in play.
The small call options chain is embedded in the chart. Earnings come again in May.
I will reenter this trade until after the current pop and drop is completed.
Then in late April to look I will reenter looking for a repeat of the present price action.
Volume, Volatility and Price Breakout on the 60-minute chart. Relative Volume was beyond 10X
The predictive algo has a continuation for Monday with a momentum fade over 4.25 topping at
4.5
I will take an intraday trade here potentially buying in the premarket. The target is the high
pivot forecasted by the algo about 30& upside. I will set a 7.5% stop loss and risk 0.01% of
capital in the trading account. I will take off 25% upon reaching 4.0 another 50% at 4.50 and
the remaining 25% with a 5% trailing stop loss to ride the momentum fade.
This is probably not shortable. The April monthly options pumped 6x to 30x on the earnings
report. They will have continuation on Monday 3/26 after that the put options will be in play.
The small call options chain is embedded in the chart. Earnings come again in May.
I will reenter this trade until after the current pop and drop is completed.
Then in late April to look I will reenter looking for a repeat of the present price action.
Trade active:
Awaiting a premaket entry- AI algorithm suggesting a moonshot to 6 would be
happy with 4.5
happy with 4.5
Comment:
Nice action- 20% out at the top 50% in with the lunchhour pullback.