1.) What did I see? Sometimes you just see something, and you jump all over it. BCRX gapped up and the first three bars sold off to the 34MA. The fourth bar formed (IMO) a perfect hammer closing above the 34MA. Also note how the third bar left a long bottom tail - a bullish sign. 2.) What is the entry? A break of the fourth bar high. 3.) What is the exit? Entire position closed after $1 gain.
DISCLAIMER - I DO NOT MAKE RECOMMENDATIONS TO BUY OR SELL SECURITIES; I JUST POST MY THOUGHTS, TRADES, AND OPINIONS. DO YOUR OWN DUE DILIGENCE - YOU ARE RESPONSIBLE FOR YOUR TRADES, INVESTMENTS, AND DECISIONS. ALL CHARTS ARE COURTESY OF REALTICK. ALL TIMES INDICATED ARE NY (EST).
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