The premarket price movement will end up with the stock opening higher than the 1 EMA. With a solid 1st bar. If the news is good enough the stock will keep rising. Otherwise we may get a flag in the first few minutes to 9/15 EMAs.
- Start early
- Price will stay above 15EMA
- Let it go until 10:00AM – 10:30AM or longer if able
- Set stop-loss at purchase price once the price moves higher
- Keep moving stop-loss up may be .50 cents (.50 DELTA) below the current stock price
Category: Open Above 1M 5M EMAs