The question was when to get in. The open has high volume but more volatility, waiting for the stock to touch the EMA would have gotten you in at around $11.50.
The stock did trade below the EMA at $16.50 which would have been a premature sell, but at profit of $5.00 non the less. Waiting until the close, meant that you not only had nerves of steel but a crazy profit of $29.50, or 156% for the day.
Unfortunately for the overnight holders VVOS ended at $29.50 down 28% in after market hours.
Only $1.50 using just 2 indicators, but a decent % return for a day trade.
Using only the 10ema indicator to buy and sell you would have completed 3 full trades, and it would have brought you about the same profit % without any overnight risk. If this was your only trade for the year, you would outperform 99% of all investors.
What will tomorrow bring?
RED means sell, GREEN means BUY.
Come on people. 😃
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Right after the open at $5.67 would have been an ideal selling price, as it was downhill from there (see the down trend line). Short term scalpers could have bought at the break at $3.10 and made at least 40 cents as it traded range bound between $3.50 and $4.00 until the close.
The stock experienced a blow off volume of 67 million shares, usually an indicator that "the party is over".
Look at my previous days posts on SHOT.
