Today I installed and configured QuoteTracker with IQFeed. It took most of the day but I saw a nice chart while testing the software: CPKI. By the time I found it, it had gapped down and tried to rally but it formed what seemed to be an inverted C&H and a sort of B+B in the 5 min chart. CPKI’s volume decreased throughout the morning and at 12:50pm it printed a NRB with the lowest volume of the day. The next bar expanded with increased volume, and broke the base. Interesting! The stock had a nice drop and I was hoping it would touch the swing low of the day. I exited on the long and green bar 13:45pm. That bar was a strong sign of reversal.
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