Although CALM gapped up, it immediately moved down to the R1 line where it consolidated throughout the first half of the trading session. Before noon, CALM started forming a nice Base and all candles during that base formation managed to close below the down sloping 5 EMA. At 13:45pm, CALM printed a nice NR, bear candle that closed right at the Base. I entered at the break of that candle and took a partial at $34.00 which was the first intraday PP. I exited the position at the end of the day.
2 comments:
Nice work. Also I'd put calm with the ag/fer/moo bunch, and they all moved up at the open and reversed.
Sounds good. I was not following the group :-(
Cheers,
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