$PPHM Gap up or morning spike
PPPHM just released a positive earnings report 30 minutes before market close which brought a lot of volume in and it finished at the EOD 11% up from that earnings report. Also post market showed a lot of volume and higher prices.
I am going to watch this pre-market to see whats happening I may enter trade pre-market or wait to the opening to see if it can break the 0.46 resistance when it opens which I'm confident it will easily do as this also has a lot of interest on it.
Im looking to have a risk of 0.39 with a profit target of 0.70 form a previous high las month that had good volume . So thats a Risk/Reward of 3.43 but I might look to take profit earlier depending on how the price behaves and lv2 action.
Also I can see when this gets good volume it has a tendency of spiking from its past history so looks a good play for tomorrow.
I am going to watch this pre-market to see whats happening I may enter trade pre-market or wait to the opening to see if it can break the 0.46 resistance when it opens which I'm confident it will easily do as this also has a lot of interest on it.
Im looking to have a risk of 0.39 with a profit target of 0.70 form a previous high las month that had good volume . So thats a Risk/Reward of 3.43 but I might look to take profit earlier depending on how the price behaves and lv2 action.
Also I can see when this gets good volume it has a tendency of spiking from its past history so looks a good play for tomorrow.
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