vitalyc87
Oct 3, 4:58 PM
$AMOD
Monday scenarios:
1)Gaps down near
$3.00 and bounces (bullish only if it reclaims
$3.49 on rising volume, with price above VWAP): this would be a possible long. The stop would go below the premarket or opening low, roughly
$2.85 to
$3.00. Illustrative math: entering at
$3.55 with a stop at
$3.10 risks
$0.45 per share, and a 2x target would be about
$4.45.
2)Gaps down and fails to reclaim
$3.01 or VWAP: no long. The after-hours drop becomes the start of a bigger fade, and chasing the bounce is the typical loss on stocks that spiked on 177 million shares.
3)Opens flat or higher and rejects
$3.49: also no long. A failed breakout at Friday's close is a reason to wait, not to add.
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