This one goes out to the daytrader’s.
ONVO is obviously a stock which has been on parade of late, and for good reason.
Today, however, we have a gap-up and reversal lower after a prior steep run higher.
The setup is this, for traders sticking around on this Friday afternoon: On the 10-minute timeframe, below, note that ONVO is testing back up to its opening print from this morning, just under $12, which also marked the highs from Thursday (horizontal light blue line). Above here, and day traders can try a long into the bell, while signs of rejection may be worth a Friday afternoon scalp short.
Hold through the weekend? That depends. How lucky are you? A mush?
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you still like BWS? Put in a limit, hope I get in
Still like BWS, but would not mind a few days of tightening up next week.