04.01.2025 / 
ICCT #ICCT
Fundamentals. Neutral news background.
Technical analysis.
Daily chart: Short Squeeze on 2nd day after a strong close in the previous session.
Premarket: Gap Up on increased volume.
Trading session: There was a pullback, which was stopped at the level of 3.70 after the initial impulse at the beginning of the session. After that, the price began to tighten to the level against the initial movement, making pullbacks, each subsequent one was smaller than the previous one. We are considering a long trade in case the level holds.
Trading scenario: pullback along the trend (false tightening) to level 3.70
Entry: 3.86 when trend line is broken upwards, tightening structure is broken
Stop: 3.66 we hide it below the level with a small reserve
Exit: Close part of the position after the impulse movement on increased volume at 12:00 p.m. We close the rest of the position at a price of 4.49 when exit down the trade range.
Risk Rewards: 1/3
P.S. In order to understand the idea of the Stock Of The Day analysis, please read the following information.
ICCT #ICCTFundamentals. Neutral news background.
Technical analysis.
Daily chart: Short Squeeze on 2nd day after a strong close in the previous session.
Premarket: Gap Up on increased volume.
Trading session: There was a pullback, which was stopped at the level of 3.70 after the initial impulse at the beginning of the session. After that, the price began to tighten to the level against the initial movement, making pullbacks, each subsequent one was smaller than the previous one. We are considering a long trade in case the level holds.
Trading scenario: pullback along the trend (false tightening) to level 3.70
Entry: 3.86 when trend line is broken upwards, tightening structure is broken
Stop: 3.66 we hide it below the level with a small reserve
Exit: Close part of the position after the impulse movement on increased volume at 12:00 p.m. We close the rest of the position at a price of 4.49 when exit down the trade range.
Risk Rewards: 1/3
P.S. In order to understand the idea of the Stock Of The Day analysis, please read the following information.
Trade active
Let's look at a common manipulation in a tightening setup against the main movement along the trend. Major player makes an impulse deceptive movement against the trend, gaining a position and collecting stops of those traders who opened a trade ahead of time. After that, there is a quick buyout of this movement, a breakdown of the tightening structure and an impulse movement in the initiai direction.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Если у вас появились вопросы по данному разбору, у вас есть альтернативное мнение или вы хотите поделиться собственной акцией дня - добро пожаловать в Telegram t.me/stock_of_the_day_channel
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.