TBLT REVERSAL!
I was watching TBLT since pre market open for about 20 min and was expecting to take a trade on it. It broke the first level of support at $7 as soon as market opened and then it was a watching game to see where it would find support. Every minute it kept dropping and every volume bar was red. There was a volume bar of indecision right around $7 but it broke that level. As it kept dropping I had a limit order in place to take a trade but was only going to submit it if I saw a potential reversal. Six minutes into the open I saw a green volume bar and what looked like to be a hammer forming on the chart. Volume started to fade and that seemed to be the sign of the reversal. I waited one more minute to see that it would hold that level and at the exact same time I was watching SNTI and split second decision I decided to enter SNTI instead because of how fast it dropped to support. That entry was also very on point but the stock broke support and I got stopped out as TBLT was reversing. I was so mad! Lol Both stocks had great moves throughout the day but SNTI spiked up later on in the afternoon. I lost $48 on the trade which was not terrible because I sized up on the shares from 500 to 1000. Also that trade was not just a random trade, I considered an entry at that price point of $2.17 on SNTI way before it even pulled back. What I was upset about is the fact that TBLT reversed right when I was about to enter and the stock that I did trade reversed later. I will post screenshots below of the two tickers. The first screen shots are from SNTI & below that is the trade reversal I missed on TBLT.
SNTI
VOLUME 45M / SHARES 43M / MARKET CAP 137M
TBLT
VOLUME 79M / SHARES 2M / MARKET CAP 15M
