Sent out a SOMM Whatsapp alert last Friday when I saw the bullishness in M1. The stock was under some accumulation and hence I decided that the results might be looking good after market close today and decided to swing it further. Longed 50 lots and was in $1250 profits earlier when the price reached 1.825. But looking at it now, the results could be bad for tonight. I am not sure as the price drop as some took profits while others cut 1-2 pip loss.
This counter is slow as it's gradually building up energy and accumulation points before trying to breakout further. The stock as shown in the 5 min chart was in some mini flushing mode and collecting mode before it trended up a little last Friday. Today after market close is crucial. Will be looking forward to see the results.
Ronald K -
Market Psychologist -
A Stock Market Opportunist
