Put an order in this morning as it looked ok. Good example for...

Put an order in this morning as it looked ok. Good example for why paying more for confirmation has its benefits.



Could make an argument that the consolidation is working in similar fashion to the previous, perhaps to frustrate traders so as to continue up and onwards in safer hands. This stock has had a few foul moves from out of nowhere in the past.



ADX weekly telling that bullish sentiment is above bearish with a weakening trend strength. Middle of the week though so it's worth waiting for a few more sessions.



Either way not a great liquidity event if you're looking to create a long position or swing trade (in my view). The lower time frames will offer up some mean reversion trades for the algos. Can see a liquidity gap around 18.40 and maybe a market maker walks price down there for efficiency sake, but that is quite a disorderly move in a wider context.



Either way no trades being shown to me in the tea leaves (but of course there are many ways to trade the markets).