$ROVI #2

$ROVI

  • Stock retraced since the last trade. Remember, position risk management is priority over anticipated direction. Regardless of being right or wrong, keep losses small to stay in the game.
  • Stock remained below the 15 minute opening range (bearish)
  • Short entry off the VWAP and held until the trend was no longer valid
  • Possible start of a turning point moving forward
  • Notable Mentions:
    • SPY reaching the 200 day SMA

Intra-day 1 Minute Chart:

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Daily Chart:

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