A few years ago I'd never feature, well that' a lie, I did feature some, but in general, Cats and Dogs, under $5.00 and with low volume ar highly speculative trade, if you don't have your risk management together, they can be killers. I always reduce my risk in half on these trades, but the fact is, they often produce double digit 1 day returns, WEST hit 100% in 1 day June 1st.
So here's EEE for those of you who are so inclined.
The downtrend went into a basing triangle which is at it's apex suggesting a very directional move is about to occur.
The 60 min 3C chart is positively divergent inside the triangle.
As is the 30 min 3C chart
As is the 15 min 3C chart.
You could take a crack at the trade here or wait for a higher probability breakout around $2.00 which is a nice even number which will probably trigger some limit orders as well.
Remember-SPECULATIVE=RISK MANAGEMENT-no excuses.
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