XBIO - RSI Divergence
Updated
XBIO - Long (100 Shares) - RSI Divergence confirmed with 8&20SMA cross up. Huge buy volume on the divergence compared to average volume (very low volume instrument)
Entry - 11.18
SL - $8.53 (Last week's low)
TP - $19.91 (200SMA)
Net Risk - $265
R/R - 3.3
Entry - 11.18
SL - $8.53 (Last week's low)
TP - $19.91 (200SMA)
Net Risk - $265
R/R - 3.3
Note
Symbol: XBIOPosition: +100 long
Entry $11.80 7/10/2019
Stop-Loss: $8.53
Risk: $327
Exit: $12.17 7/15/2019
P/L: + 3.03%, +$37
R/R = 0.11
Notes: Low float- ultra low volume and a bit late...bought at over 50RSI on a RSI divergence trade and two days after the close over the 8EMA. Closed position after risk of potential NASDAQ listing removal which could prevent future trading on Robinhood. While the trade could have gone further my way the juice wasn't worth the squeeze
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