SInce I posted about it here yesterday on the main blog, I sold out of my SQNM long for a loss at $4.30 from my $4.47 entry, inside 12631. The stock immediately rejected its breakout attempt and did so in a ferocious manner with bounce attempts sold hard. As a result, and because I try to keep losses quite small, I am out.
The stock may have shaken me out before it goes higher, but the setup is now sloppy and I was looking for an imminent upside breakout. That didn’t happen. So I am gone.
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