Open Above 1M 5M EMAs

Strategies

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

Based on 23rd December 2019

Category: Open Above 1M 5M EMAs

Leave a Reply

Your email address will not be published. Required fields are marked *