HOW I WILL BE TRADING $Z1P
Thought I’d share how I intend on trading stocks such as Z1P, as well as any predicted to be a raging bull during the session.When we have stocks such as Z1P that are most likely going to soar, it is actually best to buy a few minutes after open. This is usually when the ‘players’ enter, using algos to trigger trailing stops and enter a position cheap. I use a minute chart of QFE on the 6/07/20 as a recent example. As seen in the image attached, soon after open the stock fell before rising 40%. What is interesting is how despite this significant and fast fall the OBV continued to trend higher, albeit at a flatter gradient. Moreover the buyer/seller ratio improved on the day during this drop (I was trading it). I will be using this today to time my entry. I’ll be looking for a drop that is not accompanied by a OBV that is moving downwards. The contrary to this is evident in the second image attached which depicts the next day trading QFE, whereby the SP fell at open however this was accompanied by a steep fall in the OBV.
Good luck today!
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Possible target price of $15-20, page-2269
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Last
$2.62 |
Change
0.070(2.75%) |
Mkt cap ! $3.329B |
Open | High | Low | Value | Volume |
$2.57 | $2.63 | $2.57 | $3.532M | 1.356M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
17 | 63966 | $2.61 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.62 | 16287 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
14 | 41894 | 2.630 |
20 | 174141 | 2.620 |
21 | 206627 | 2.610 |
18 | 113281 | 2.600 |
13 | 151205 | 2.590 |
Price($) | Vol. | No. |
---|---|---|
2.640 | 59280 | 9 |
2.650 | 101791 | 21 |
2.660 | 174787 | 16 |
2.670 | 300714 | 17 |
2.680 | 117567 | 12 |
Last trade - 10.42am 07/10/2024 (20 minute delay) ? |
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