Here’s The Trade Of The Day
TrapDoor entries can be very volatile,
but also very, very profitable. This Opening Reversal strategy is not for
the faint of heart, as the moves can be rather dramatic as unusual volatility in
the stock has established the potential setup in the first place. For this
reason, I like to make sure that a strong pattern with solid technical supports
exists…of course, intraday volatility can work in your favor as well!!
10:13:14
Intraday
Setup Alert
Able Labs (ABRX)
came out with earnings late yesterday, and today this “Intermediate
Trader” candidate is down over 16% in today’s trade. The intraday action
has the stock setting up as a potential TrapDoor Opening
Reversal candidate. Session lows come in a zone comprised of the 50%
Fibonacci retracement, the 50-Day EMA, as well as a prior handle pivot. The
stock is down 2.91 at 15.
Were you “Able” to get in ABRX?
As the saying goes, "You can lead a horse to water, but you can’t force him
to drink."