AXLA DAY TRADE SETUP – STOP AND GO, VWAP BOUNCE FOR 1.24 : 1 MAX REWARD RATIO

Axcella Health Inc (AXLA) announced positive results from a clinical study of two of its products, AXA1125 and AXA1957, for the treatment non-alcoholic fatty liver disease (NAFLD). Its stock price traded in a channel with high volatility, then made a sharp bounce off the VWAP during the first 45 minutes of trading. The setup provided a maximum reward-risk ratio of 1.24 to 1. See my analysis below.

AXLA - Winning Day Trade Setup - Stop and Go VWAP Bounce - 05-06-2020

ACCOUNT OF EVENTS

The markets opened with an upward bias, with the Dow at +0.64 percent when I checked at 6:30 AM PT.

CNBC’s main headline read “Stock futures rise as investors bet on the economy reopening.” I personally think that even if businesses start to re-open, it will be a while before consumers start to feel that it is safe enough to go out, spend and circulate money. So, I didn’t find anything fundamental about this.

The morning’s top gainers on Finviz was dominated by biotechnology and medical device stocks.

MDGS held the #1 spot. I recorded a winning setup for this stock in the past so I was immediately interested. Volume looked great on it and there was positive news regarding a patent. Unfortunately it was already trading far below the VWAP, so I skipped it.

ISEE held the #2 spot. Volume was could have been better but I’ve seen stocks trade well on lower volume. News was mixed on it. It had an earnings beat, but it also had to pause enrollment for a clinical trial due to the Covid-19 situation. It was also trading far below the VWAP, so I skipped it as well.

AXLA held the #3 spot, up over 31 percent and with over 100,000 shares traded. It had decent volume. I felt the positive news regarding the clinical study was a strong enough catalyst. It had a strong opening. I put this on my mental short list, but was still interested to see if other setups would develop.

In fact, I made a losing trade of SDC. For some reason, I thought I had traded it successfully in the past, but looking at my confirmations, it turned out I had not. I also normally don’t trade the first 5-10 minutes, but I guess impulse got the best of me. At any rate, I’ve logged that trade in my data tracker for future reference.

AXLA - Winning Day Trade Setup - Finviz 6:30 AM PT - 05-06-2020

I did a refresh of Finviz at 6:39 AM PT. Apparently I missed the fact that MGNX jumped to the #2 spot out of nowhere. That ended up making a much better move than AXLA. As you can tell, I’ve had better days.

It had fallen a bit in percent gain but still maintained the #3 spot and it had doubled in volume, so I was still interested.

AXLA - Winning Day Trade Setup - Finviz 6:39 AM PT - 05-06-2020

At 6:42 AM PT, AXLA popped back up above the VWAP after having dipped below it during the few previous minutes. It stopped just short of $6.40, with a high at $6.39 and a close at $6.35.

I anticipated a bounce off the VWAP, so I waited for the next minute candle to develop for confirmation. At 6:43 AM PT, the stock touched $6.40, trading very narrowly and closing at $6.35. I quickly put in a buy stop market order at $6.41. I saw that there was support at $6.00, well below the VWAP, so I had an intended stop loss at $5.99. I was going for a 2 to 1 reward-risk ratio, so I had an intended target limit order at $7.25 [ (($6.41 – $5.99) x 2) + $6.41 ].

My order got filled at 6:45 AM PT when AXLA made a quick pop to $6.62. But it lost momentum and pulled back to the VWAP soon after. It spent the next several minutes there and I thought I would get stopped out.

Fortunately at 7:11 AM PT it made a strong bounce off the VWAP, and at 7:14 AM PT it reached $6.94. Since the price had reached the 1 to 1 reward-risk ratio price of $6.83 [ ($6.41 – $5.99) + $6.41 ] I moved my stop to break even.

Sadly, AXLA made another downturn and hit my break even stop loss at 7:19 AM PT.

It was disappointing to not have reached my target, but I am glad that I determined my stop loss correctly and managed my trailing stop well. Since it could have yielded me a profit if I had went for a 1 to 1 reward-risk ratio, I will log this in my data tracker as a winning setup.

NOTABLE DATA POINTS

Date: 05-06-2020

Day of week: Wednesday

Approximate market performance at open: Dow 0.64%, S&P 500 0.62%, Nasdaq 0.00%

Company name: Axcella Health Inc.

Symbol: AXLA

Industry: Biotechnology

Recent news date: 05-06-2020

Recent news headline: Axcella Announces Positive Top-Line Data from AXA1125-003 Clinical Study Showing Multifactorial Activity in Adult Subjects with NAFLD

Approximate performance before buy signal: +26.34%

Approximate volume before buy signal: 218,601

Float: 16.93 million shares

Setup: Stop and Go, VWAP Bounce

Buy signal time: 6:43 AM PT

Entry time: 6:45 AM PT

Maximum exit time: 7:14 AM PT

Entry wait time: 2 minutes

Max exit wait time: 29 minutes

Order type: buy stop market

Entry price: $6.40

Stop loss price: $5.99

Maximum exit price: $6.93

Maximum reward-risk ratio: 1.24 to 1

Did I trade this setup? Yes

MRKR DAY TRADE SETUP – VWAP BOUNCE AND HIGH OF DAY BREAKOUT FOR 2.5 : 1 MAX GAIN RATIO

Marker Therapeutics, Inc (MRKR) announced yesterday that the FDA granted its “Orphan Drug” designation to MT-401, one of the company’s drugs used to treat patients with acute myeloid leukemia (AML), following allogeneic stem cell transplant. Its stock price consolidated during the first half hour of trading before making a break above the VWAP. It then proceeded to make a slow break above its high of day, and a final bounce before a sharp rise upward a little past 8:00 AM PT. The setup provided a maximum gain-loss ratio of 2.5 to 1. I entered late and and achieved a 1 to 1 gain-loss ratio. See my analysis below.

MRKR - Winning Day Trade Setup - VWAP Bounce and High Of Day Breakout - 04-30-2020

 

ACCOUNT OF EVENTS

The setup occurred on Thursday, April 30, 2020.

At 6:30 AM PT I saw that the markets were down, with the Dow Jones Industrial Average at -1.03%.

A headline on CNBC read, “Dow futures fall more than 300 points as jobless toll from virus tops 30 million.”

There was surely a bearish outlook for the day, so I knew I had to be extra diligent about finding stocks with a solid pattern and positive fundamental news on it.

I headed on over to Finviz to check out the morning’s top gainers. Unfortunately the choices did not seem very attractive at the time. They either had great patterns but no news on them, or great news with terrible patterns, including MRKR, which was at the #5 spot. It was up over 21 percent and traded over 300,000 shares. Unfortunately it sold off hard below the VWAP so I passed on it.

I spent much of my morning just waiting it out, refreshing Finviz every 5 minutes, but everything seemed to come up short. I entered an order on a stock that seemed to recovering from bad news, but the pattern couldn’t hold and I canceled my order. I even ended up missing a good trade on another stock (MTDR – setup logged in my data tracker). MRKR had fallen off the radar, dropping down to the #11 spot at one point.

I was about to chalk it up as just one of those lackluster mornings, which I suppose is not uncommon on bearish days such as this.

But then at 7:19 AM PT I saw that MRKR had jumped back up to the #3 spot on Finviz, up over 27% and over 1 million shares traded. I checked its chart and saw that it had already made a bounce off the VWAP as well as two bull flag poles. Usually by this time I would consider it too late to enter, but the stock had just broken through its high of day and was still under $3.00. I gambled on the chance that the positive news could squeeze it up considerably past $3.00.

At 7:20 AM PT the stock pulled back, hitting a low of $2.85. The recent high was $2.93 so I put in a buy stop market order at $2.96, the next 5 cent level plus 1. My intended stop loss was $2.79, the nearest 10 cent level below minus 1. I was going for a 2 to 1 gain-loss ratio so my intended target limit order was $3.30 [ (($2.96 – $2.79) x 2) + $2.96 ].

At 7:21 AM PT MRKR turned from red to green during consolidation. It spent a few minutes at the $2.90, during which I was able to add  my stop loss and target limit levels to my open order with an OCO (Order Cancels Order) condition.

My buy order eventually got filled at 7:26 AM PT. At 7:27 AM PT MRKR hit $2.99. I began to cheer silently as I anticipated a breakout above $3.00 within the next few minutes.

But at 7:27 AM PT MRKR pulled back rather strongly, then seemed to be losing steam as it struggled to stay above $2.90. It touched $2.99 again at 7:36 AM PT. I breathed a sigh of relief as I thought resistance had been finally worn down, but the stock made yet another strong pull back, hitting $2.81 at 7:39 AM PT.

I felt my stop loss would eventually be hit as MRKR kept trending downward. At 7:49 AM PT it hit $2.80. A loss seemed inevitable.

But to my amazement, support held at $2.80 and not a penny less. MRKR reversed off the VWAP, also at $2.80, making a slow and steady comeback.

At 8:01 AM PT, MRKR ripped past $3.00, hitting a high of $3.20. I moved my stop loss to break even because the stock reached a 1 to 1 gain-loss ratio price, which was $3.13 [ (($2.96 – $2.79) + $2.96) ].

Furthermore, I like to move my stop loss to lock in a 1 to 1 gain-loss ratio once a stock reaches the 1.5 to 1 gain-loss ratio price, which was $3.21 [ (($2.96 – $2.79) x 1.5) + $2.96) ]. MRKR reached $3.22, so I quickly moved my stop loss to $3.13.

MRKR could not push any higher and my stop loss was hit at 8:05 AM PT. Not the gain I was shooting for but a gain regardless, and I was happy that I practiced good trading mechanics.

Looking back at the chart, I realized that I could have achieved a 2 to 1 gain-loss ratio if I had paid more attention to the stock and put in a buy order at $2.91 when the stock pulled back slightly at 7:15 AM PT. By that time it held a respectable #8 spot on Finviz, up over 21 percent and with over 800,000 shares traded. Hopefully as I get more seasoned I will become better at spotting these opportunities. For this reason, I will log the setup with a $2.91 entry in my data tracker.

NOTABLE DATA POINTS

Date: 04-30-2020

Day of week: Thursday

Approximate market performance at open: Dow -1.03%, S&P 500 -0.68%, Nasdaq -0.03%

Company name: Marker Therapeutics, Inc.

Symbol: MRKR

Sector: Biotechnology

Recent news date: 04-29-2020

Recent news headline: Marker Therapeutics Receives FDA Orphan Drug Designation for its Multi-Antigen Targeted T Cell Therapy for Acute Myeloid Leukemia

Approximate performance before buy signal: +21.67%

Approximate volume before buy signal: 859,878

Float: 31.77 million shares

Setup: VWAP Bounce and High of Day Breakout

Buy signal time: 7:16 AM PT

Entry time: 7:19 AM PT

Maximum exit time: 8:03 AM PT

Entry wait time: 3 minutes

Exit wait time: 44 minutes

Order type: stop market buy

Entry price: $2.91

Stop loss price: $2.79

Maximum exit price: $3.21

Maximum gain-loss ratio: 2.5 to 1

Did I trade this setup? Yes, with late entry

CMRX DAY TRADE SETUP – VWAP BOUNCE AND HIGH OF DAY BREAKOUT FOR 3.34 : 1 MAX GAIN RATIO

Chimerix, Inc. (CMRX) announced today that it is beginning phase 2 of 3 of its study of dociparstat sodium (DSTAT) to reduce excessive anti-inflammatory responses in patients with severe Covid-19 infection. The announcement came a day after it announced that the FDA approved the aforementioned study. Its stock price traded back and forth along the VWAP during much of the first hour before breaking its high of day. It surged even higher a little past the first hour. The setup yielded a maximum gain-loss ratio of 3.34 to 1. See my analysis below.

CMRX - Winning Day Trade Setup - VWAP Bounce and High of Day Breakout - 04-29-2020

 

ACCOUNT OF EVENTS

The setup occurred on Wednesday, April 29, 2020.

I usually get up really early in the morning to do my routine before the markets open, but I forgot to set my alarm last night, and I woke up right when the markets opened.

So I jumped out of bed to grab my phone and start putting together my trading setup.

At 6:32 AM PT I checked how the markets were doing. There was strong upward bias as all three major indices were up more than one percent, with the Dow Jones Industrial Average at +1.52%.

Next, I headed over to CNBC to check for any major news that would aid me in my trading today. A headline read “Dow surges more than 400 points as positive Gilead news lifts hope for coronavirus treatment.” Gilead is a big, slow moving stock so I knew I wouldn’t be trading it. However, I had a feeling that the news would push up smaller stocks in the biotechnology. So, I made a mental note of that.

Then I headed over Finviz to check out the list of top gainers. Indeed, there was a biotechnology stock (CAPR) that was in the number 1 spot. It had positive news on it, so I looked at its chart. Unfortunately it was selling off below the VWAP a bit, so I passed on it. It would eventually make a powerful move up later in the morning. I missed that trade but I have logged the setup in my data tracker.

I moved on to the remaining top gainers, which turned out to be disappointments. Many of them had false breakouts. So I waited it out, refreshing my view on Finviz every 5 minutes.

At 6:44 AM PT I saw that CMRX had jumped up to the number 4 spot on the list. I checked its chart. It had made a strong close at $2.07, its high of day at that moment. It was up over 34% and traded over 3 million shares. I saw the positive news on it and started looking for my opportunity to enter a trade.

But then it started selling off, going back below the VWAP reaching as far down as $1.88. Since it was both below the VWAP and that critical whole dollar support ($2.00) that I like to see, I wrote the stock off and started looking at other stocks.

The charts on the other stocks did not look interesting either though, and I spent the next several minutes just waiting. I was about to think that it would be a lackluster morning, but at 7:09 AM PT I saw that CMRX at shot back up to the number 2 spot on Finviz, up over 34% again and had over 5.5 million shares traded.

I checked the chart and I saw that it had touched $2.07 again before dropping back down to the VWAP. Seeing that it touched this exact price twice, I had a feeling that if it could make a strong bounce off the VWAP it could break past this level, which could have opened up a window for a rally.

At 7:12 AM PT the stock did in fact make a strong bounce off the VWAP. I then closed higher with each minute testing $2.07 once again at 7:16 AM PT.

I quickly put in a buy stop market order at $2.11, with an intended stop loss at $1.99. CMRX then broke past $2.10 at 7:17 AM PT, and my order was filled.

I quickly went  to my open position and added my stop loss price with an OCO (Order Cancels Order) condition. Since I was shooting for a 2 to 1 gain-loss ratio I added my target limit price of $2.35 [ (($2.11 – 1.99) x 2) + $2.11 ].

CMRX pulled back between 7:20 AM PT and 7:23 AM PT before pushing higher. It then exploded past $2.20 and $2.30 at 7:31 AM PT, during which time my target limit order was filled. I didn’t even have time to move my stop loss to break even. The stock continued to push higher during the next several minutes, eventually reaching a maximum exit price of $2.61.

While I am happy with the result of this trade, I think I entered it a little early. Normally I would wait for a pullback after a strong price movement, but I didn’t this time. I’ll chalk it up to simply not following the rules in the heat of the moment.

Looking back at the chart, I see a safer entry at $2.21. The buy signal would have been the switch from red candle to green candle at 7:21 AM PT during the pullback. The stop loss price would have been $2.09, a penny below the ten cent level at the bottom of the pullback. The target limit price for a 2 to 1 gain-loss ratio would have been $2.45 [ (($2.21 – $2.09) x 2) + $2.21 ], which would have been reached at 7:32 AM PT.

Since one of the goals of this blog is to cover clean and clearly defined setups, I have entered the data of the more conservative setup on this post, but recorded the data for both setups in my tracking log.

NOTABLE DATA POINTS

Date: 04-29-2020

Day of week: Wednesday

Approximate market performance at open: Dow +1.52%, S&P 500 +1.85%, Nasdaq +2.13%

Company name: Syndax Pharmaceuticals, Inc.

Symbol: CMRX

Sector: Biotechnology

Recent news date: 04-29-2020

Recent news headline: Chimerix Announces Initiation of a Phase 2/3 Study of DSTAT in Acute Lung Injury for Patients with Severe COVID-19

Approximate performance before buy signal: +39.74%

Approximate volume before buy signal: 6,752,489

Float: 50.62 million shares

Setup: VWAP Bounce and High of Day Breakout

Buy signal time: 7:21 AM PT

Entry time: 7:30 AM PT

Maximum exit time: 7:46 AM PT

Entry wait time: 9 minutes

Exit wait time: 16 minutes

Order type: stop market buy

Entry price: $2.21

Stop loss price: $2.09

Maximum exit price: $2.61

Maximum gain-loss ratio: 3.34 to 1

Did I trade this setup? Yes, with early entry

SNDX DAY TRADE SETUP – STOP AND GO FOR 3.02 : 1 MAX GAIN RATIO

Syndax Pharmaceuticals, Inc (SNDX) announced yesterday that it saw positive clinical results for SNDX-5613, a drug that it has been developing to treat patients with genetically-defined acute leukemias. Within the first ten minutes of trading today, the company’s stock made a Stop and Go pattern, then a move up that was sustained through the first hour. Using my stop loss rules, the setup provided me with a maximum gain-loss ratio of 3.02 to 1. For traders who use looser stop losses, there was an opportunity for a reward of over 9x the risk. See my analysis below.

SNDX - Winning Day Trade Setup - Stop and Go - 04-28-2020

ACCOUNT OF EVENTS

The setup occurred on Tuesday, April 28, 2020.

I started my day checking the markets at 6:30 AM PT. There was upward bias, as all three major indices were positive, with the Dow Jones at +1.55 percent.

I checked CNBC for any news that could assist me with determining how to trade. There didn’t seem to be anything distinctively fundamental, just a headline that merely stated the obvious – “Stocks are set to add to Monday’s gains with Dow futures up more than 400 points.”

Next, I checked Finviz to try and pick out a stock to trade from the list of top gainers. SNDX was number 4 on the list. It was up 21.81%, but it only traded 69,149 shares, so I quickly skip it and look at other stocks that were trading more heavily. There were a handful of them with positive news to serve as potential catalysts, but they were already trading far below the VWAP.

By 6:35 AM PT I had circled back to SNDX and saw that it traded over 168,000 shares, and it moved up to the number 3 spot. I checked its chart and saw that it kept closing higher with each minute to that point. I checked the news on it and saw a headline that read “The Daily Biotech Pulse: Pfizer Earnings, Roche’s Spinal Muscular Dystrophy Treatment, Moderna COVID-19 Vaccine Update.” Since the headline didn’t mention SNDX specifically, I decided to do a quick read of the article, which indeed mentioned that the company announced positive clinical trial results of its drug, and that the the FDA had granted it the Orphan Drug Designation.

Convinced that this was the stock to go with, I monitored it carefully and waited for my opportunity to enter.

The stock kept closing ever higher and I was afraid that this would be a run away breakout, but at 6:38 AM PT SNDX made a strong run up to $15.99, and closed at $15.78. During the next minute it touched $16.00 and started to pull back slightly. I monitored it for 30-40 seconds and anticipated that it would remain between $16.00 and $16.50, so I quickly put in a buy stop market order at $16.01 with an intended stop at $15.49 once the order got filled. I was shooting for a 2 to 1 gain-loss ratio so my intended target limit order was $17.05 [ (($16.01 – $15.49) x 2) + $16.01 ].

At 6:40 AM PT SNDX made a strong break above $16.00, reaching a high of $16.90 and closing at $16.77. I like to to move my stop loss to breakeven once a stock reaches a 1 to 1 gain-loss level, which in this case was $16.53 [ ($16.01 – $15.49) + $16.01 ], so as soon as I saw the price blowing past this level I put went to my open position and added my breakeven and limit order levels with an OCO (Order Cancels Order) condition. I barely had enough time to do this. In fact, I think I missed the profit taking window at 6:41 AM PT when the price reached $17.35, or maybe it was my broker being slow at processing my order.

At 6:42 AM PT SNDX moved lower, touching $16.23. I was a bit frustrated because my target limit order had not been filled, but relieved that if the stock moved even lower I would at least break even. But thankfully it moved higher and my limit order was filled at 6:43 AM PT.

If I would have held on longer in search of a higher gain, my break even stop loss would have been hit at 6:45 AM. For traders using looser trailing stops, there was an opportunity for a reward of 9x the risk. Since I’m trying my best to adhere to my own rules of day trading, I will log the conservative maximum exit price of $17.58 that occurred at 6:44 AM PT, for a maximum gain-loss ratio of 3.02 to 1.

NOTABLE DATA POINTS

Date: 04-28-2020

Day of week: Tuesday

Approximate market performance at open: Dow +1.55%, S&P 500 +1.42%, Nasdaq +1.10%

Company name: Syndax Pharmaceuticals, Inc.

Symbol: SNDX

Sector: Biotechnology

Recent news date: 04-28-2020

Recent news headline: The Daily Biotech Pulse: Pfizer Earnings, Roche’s Spinal Muscular Dystrophy Treatment, Moderna COVID-19 Vaccine Update

Approximate performance before buy signal: +29.52%

Approximate volume before buy signal: 168,902

Float: 27.35 million shares

Setup: Stop and Go

Buy signal time: 6:39 AM PT

Entry time: 6:40 AM PT

Maximum exit time: 6:44 AM PT

Entry wait time: 1 minutes

Exit wait time: 4 minutes

Order type: stop market buy

Entry price: $16.01

Stop loss price: $15.49

Maximum exit price: $17.58

Maximum gain-loss ratio: 3.02 to 1

Did I trade this setup? Yes

VXRT DAY TRADE SETUP – BULL FLAG FOR 1.14 : 1 MAX GAIN RATIO

Vaxart, Inc.’s stock (VXRT) broke out of a bull flag pattern within the first half hour of trading today. The move came after news coverage mentioned that the company was in the preclinical stages for a coronavirus vaccine. While the breakout was not a powerful one, it did provide an opportunity for traders to receive a maximum gain-loss ratio of 1.14 to 1. See my analysis below.

VXRT - Winning Day Trade Setup - Bull Flag - 04-27-2020

ACCOUNT OF EVENTS

The setup occurred on Monday, April 27, 2020.

As the trading day opened I checked the major indices to get a feel for how the markets were performing. They were all up, with the Dow jones at +.54%. A headline on CNBC read “Dow futures rise more than 250 points as NY, other states start to make plans for reopening.” Overall, I felt there was an upward bias.

I checked Finviz for the morning’s list of top performing stocks. There were a handful of interesting choices, each with positive news that could potentially serve as a catalyst for a strong move up.

Unfortunately, all the stocks on my short list quickly sold off within the first few minutes of the, so I wiped the list clean. I refreshed my browser’s view on Finviz at 6:35 AM PT and I saw that VXRT, previously nowhere to be found amidst the top gainers, at the number six spot. It was up around 19% with over 2.5 million shares traded.

I checked the news section on my trading platform for any news on the stock, and saw the headline “Six Coronavirus Vaccines Under Clinical Trials, WHO Says.” The article was specific to the company, but it mentioned briefly that Vaxart, Inc. was in the preclinical stages for a coronavirus vaccine. Given the current situation, I felt it was a strong enough catalyst to enter a trade if the setup was there.

I checked the chart and indeed the stock made a strong move up, hitting a high of day of $3.75 at 6:35 AM PT.

At 6:38 AM PT, VXRT tested $3.80, then start pulling back, touching $3.63 for that minute’s low. I had a feeling that support would be at $3.60 so I put in a buy stop market order at $3.81 with an intended stop loss at $3.59.

Between 6:41 AM PT and 6:47 AM PT it indeed tested $3.60. I wanted to shoot for a 2 to 1 gain-loss ratio so I went to my open order and added my stop loss at $3.59 and limit at $4.25 [ (($3.81 – $3.59) x 2) + $3.81 ] with an OCO (Order Cancels Order) condition.

at 6:49 AM PT, VXRT broke above $3.80, filling my buy order. It continued its move up, testing $4.00 at 6:55 AM PT. I like to place my stops at my breakeven point once a stock reaches a 1 to 1 gain-loss ratio. In this case, that level was $4.03, but since it was so close the whole dollar level I moved my stop earlier than usual.

Unfortunately the stock could not push higher than $4.07. It peaked out at 6:56 AM PT, then hit my stop loss at 7:00 AM PT.

While I am disappointed that the stock did not reach my target, I am overall content with how the trade was read and managed. I followed my rules in validating and entering the setup, as well as trailing my stop losses.

As this setup had a maximum potential gain-loss ratio of at least 1 to 1, I am logging it in my data tracker as a winning setup, even though the way I traded it did not result in a profit for me.

NOTABLE DATA POINTS

Date: 04-27-2020

Day of week: Monday

Approximate market performance at open: Dow +0.54%, S&P 500 +0.75%, Nasdaq +0.91%

Company name: Vaxart, Inc.

Symbol: VXRT

Sector: Biotechnology

Recent news date: 04-24-2020

Recent news headline: Six Coronavirus Vaccines Under Clinical Trials, WHO Says

Approximate performance before buy signal: +19.87%

Approximate volume before buy signal: 2,541,756

Float: 67.20 million shares

Setup: Bull Flag

Buy signal time: 6:39 AM PT

Entry time: 6:49 AM PT

Maximum exit time: 6:56 AM PT

Entry wait time: 10 minutes

Exit wait time: 7 minutes

Order type: stop market buy

Entry price: $3.81

Stop loss price: $3.59

Maximum exit price: $4.06

Maximum gain-loss ratio: 1.14 to 1

Did I trade this setup? Yes