I almost touched $STX today. Then I looked at the volume and walked away
Trading at 0.31230 down 3.7 percent today sitting near the bottom of the range
Volume is only 0.9x average so nobody big is backing this move
With just 1.9M in daily turnover larger size gets trapped in this book
I need to see an hourly close and hold above 0.33240 before I care
Or a proper test of 0.30720 that actually holds and bounces
It could keep running without me and a bad entry costs more than missing out
Chasing $STX here or waiting for 0.30720
#STX #RiskManagement
Trading at 0.31230 down 3.7 percent today sitting near the bottom of the range
Volume is only 0.9x average so nobody big is backing this move
With just 1.9M in daily turnover larger size gets trapped in this book
I need to see an hourly close and hold above 0.33240 before I care
Or a proper test of 0.30720 that actually holds and bounces
It could keep running without me and a bad entry costs more than missing out
Chasing $STX here or waiting for 0.30720
#STX #RiskManagement