$MUBARAK is down 2.8 percent today and I am passing on it completely
Daily volume is sitting at only 2.0M dollars which is 0.7x the average
That means real participation is missing and big orders will wreck this book
I need to see an hourly close and hold above $0.05380 before I care
Or I want a pullback that holds $0.05028 and actually bounces cleanly
It could keep running without you and a bad entry costs more than a missed move
Chasing $MUBARAK here or waiting for $0.05028
#MUBARAK #RiskManagement
Daily volume is sitting at only 2.0M dollars which is 0.7x the average
That means real participation is missing and big orders will wreck this book
I need to see an hourly close and hold above $0.05380 before I care
Or I want a pullback that holds $0.05028 and actually bounces cleanly
It could keep running without you and a bad entry costs more than a missed move
Chasing $MUBARAK here or waiting for $0.05028
#MUBARAK #RiskManagement