breakout
High of day break, moved very little before reversing. Maybe with the markets down overall, today's not the day. At least I'm protecting myself.
Bought in this stock after seeing a pre-market high of 2.94. It was climbing up from 2.11 and building support around 2.50. Sized up too quickly in expectation of a market open uptrend. I was not focused on the trade and sized up too much on something that was no longer showing signs of going up. My exit worked out but nonetheless I realize I need to stick to my rules and focus when in a trade.
It had plenty of room to run. Had news & a $60m financing. Resistance was at 2.89 but it got hung up at 2.60 so I took small profits.
Entry comments: Like the chart. Is trying to push thru $1.88 high for the 4th time since Dec. Lot more volume today than other times. Closed at high of day. So think push maybe tomorrow. So will put a sell in for just over $2. Prior XGPT on 22 Dec with entry of $1.80 and target of $2.09 my sell in for $2.04. Put a buy 4000 Shares in for $1.81 got 1 @ $1.79, 50@$1.80, 929 @ $1.81 then decided to move buy up to fill order 1024 @ $1.84 as there was a big sell on Level 2 there.
Exit comments: Decided it is having too much trouble getting thru $2 so decided better to take cash and run. Got to upper $1.99s. Sold after hours as I didn’t want hold any longer. Market with war unpredictable
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