Short
Pivot reversal in CATM turns a low dollar play into a $2 winner.
CATM was a low-dollar Fast Ball Expansion-of-range-and-volume setup on the proprietary scanner at TraderInsight.com. The plan was to capture .40 in a quick move below the Thursday low. But an early move through the central pivot, followed by a fib retracement and collapse to 17.40 generated a $2 winner in this sub-$20 stock.
See the logic behind the trade at:
http://traderinsight.com/COD/CATM.png
See the logic behind the trade at:
http://traderinsight.com/COD/CATM.png
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.