$800 Gain on $ILIV – $ILIV , $LATF Gappers?

by akos on February 27, 2014

$ILIV $LATF Gappers for Me

I tweeted before $ILIV ‘s big move.

 

 

$ILIV was my No.1 watch today because I had the feeling that this might be the day for a bounce.

This trade was a perfect example how sometimes the set up is not that clear on the chart.

Please click the pic to blow it up to see more clearly!

$ILIV_

So, you can see clearly that $ILIV opened weak and put in a double bottom. Now, when I saw that it holds and the volume started coming in I longed this thing. Even though I picked the bottom I couldn’t get a fill at that price , only at $.0082.

After spiking to almost $.011, it pulled back and consolidated. But once again if you look at the intraday chart this thing was all over the map and I almost got shaken out several times.

I knew the power hour was going to bring more highs.

On level 2, I saw some bid stacking and $ILIV also pulled a little ABCD type of move where it slowly started grinding putting in higher lows.

That’s the point where I was confident that we are going to have a good close.

 By the way I posted my watch list for the day before the market opened.

 

 

Made +$800 on it, I sold a big chunk into that spike right before the close. I have some for overnight.

I’m also expecting a gap up/decent run on $LATF.

Thanks for reading, I hope it helps!

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