This week was pretty straight forward with clean trends that often resulted in big moves. It seems like every trade this week, your idea was right, right away or you should be right out of it. I put several trades in this recap with the scan so you can get a big picture idea of how the IU community works.
CNST Failed Follow Through Momentum
On Monday @Investorslive waited for CNST to begin to fail to start in on his short position. Once lower highs started it was a pretty clear indication this was headed lower.
AUPH Scan and Trade
@Cuzmane included AUPH on his scan Monday night for Tuesdays trading. He traded the plan he laid out and was giving live commentary in the IU chat as the trade played out.
GLG Scan and Trade
@Investorslive and @Oddstocktrader were ready to trade the plan from the scan. Looking at the daily chart showed the 2.20 area was the line in the sand and if it broke below that it was headed far lower.
TRNX Rocket Ship
FTSV Scan and Trade
Friday was a gift with several large trades. FTSV had shorts covering on Thursday before it faded off. The plan was the same for Friday . It ramped a couple of times allowing members to re-add shares they had already covered.
Another great week in the books. Please reach out if you have any questions or are thinking about joining the IU community. [email protected]