So I wanted to go over a strategy that I often try in the morning on stocks that are gapping up. It doesn't alway work out, but sometimes you can make your day in one trade! This morning, I noticed APWR was gapping up around 5% in premarket on good volume, above a recent consolidation and into a nice gap from November 30th. It announced a 43$ million contract with another company, and I thought this was likely significant enough to sustain the gap. My target was the top of that gap, at around 6.30-6.35. Unfortunately, I got in prematurely, and got shaken out.... This often happens to me, and I need to find a way around this! Anyway, here are the daily and the 1-min intraday charts, let me know if you have any comments! Thanks!
Otherwise, I had a decent day and played the PWAV breakout along with many people in the Charts Gone Wild chatroom! We banked some good coin on that one!