So when im looking for scalp setups on penny stocks, I watch the MACD, VWAP, Volume, RSI and bollinger bands. the points i have circled are the critical points to watch for entries and exits...little hard to get up close and precise on them so excuse my chicken scratch drawings.$SYNTHETIC
was awesome, just rose all morning for hours on that crazy high volume. Pretty much kept it for a while as it was above vwap/middle band for a while until the halting started. You can see how the RSI kinda formed a support level on the 1min chart too. Watching leVel 2 wouldve Helped you to identify the orders to see where it could go as well. $Check Cap
was a brief morning scalp on that crazy volume..idr what it had in pm but it was a ton and that first green volume candle made it spike briefLy as well after the macd crossed green. You can also see how the rsi kind of made a resistance so that was your cue to exit! Volume can trump everything else...a stock could be primed to do what chart says it will do then the opposite volume you are expecting will send it flying the other way.$Steel Dynamics
nice 200%ish return on calls here on this swing, could lock or give it some time to see what it does, that daily looks like it may actually keep going on the 1/15 $40 calls...but up 200% from yesterday is a definite lock at least for most of the position, markets are volatile and unpredictable right now! You can see how rsi has formed support and The stock Broke a previous resistance yesterday!
Hope this helps guys, I forgot to do a learning post over the weekend like i said, ill do another one later this week to make up for it and show you what I saw in the plays I made!$NIO Inc. $Nano Dimension $Onconova $Peck Company Holdings Inc (The) $Zosano Pharma $Apple $SPDR® S&P 500 ETF Trust $SUNDIAL GROWERS INC. $TESLA $HELIUS MEDICAL $Zomedica Corp $AMD $MEXCO ENERGY COR #Options Trading #My Webull Holiday Wishes #WEBULL TWO YEAR ANNIVERSARY #NASDAQ TotalView #Today's Profit / Loss
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