Faded the gap up and entered when closed below declining 10EMA with MACD confirmation with SL at 49.50 HOD.
Scaled 50% at 39.20 & another at 50% at 39. Left runner on and moved SL to break even.
Catalyst:
Results on 14/04/2026 showed net margins cut in half from 1.8% to 0.9% in a low margin business.
Gross margins and vehicle profit per unit are declining.
This is a low-margin business getting worse, not better.
Had it flagged as a possible short failing to claim 50 SMA on daily below. Tracked $USO & when that started to breakdown entered on below when it failed to get above the declining 10 EMA. Scaled 50% on breach of lower BB.
On the daily above failed to reclaim the 50 sma the day before and opened with a gap down.
Entered on breach of upper BB on heavy volume, then got stopped out when it breached HOD.
Notice how the volume is steadily increasing as opposed to a random massive volume spike which typically suggests exhaustion. This was a poor entry from me but one I will learn from. Also the over all market was in a general up day so swimming against the tide.
Entered when 2nd bar couldn’t break above the opening bar on high volume. Scaled 50% on the opening gap fill where it reversed and got stopped out when it broke above HOD.
Later in the day you can see it breached the upper BB on 2x the avg volume, I wasn’t online but if you had taken that you would have made a low risk 2$ approx.
Gap down and high vol continuation, entered on break of 1st bar lower on high volume.
Scaled 50% near the lows approx 12th bar from the open.
High vol exhaustion on the opening bar, opening bar vol was +700% of avg 20 vol, entered on break of 100.
Scaled twice and left runner.
Shorted against declining 10 sma with MACD, should wait until BB breach with high vol. Also chances yesterdays close (yellow dash bar) would be a strong bounce area so poor R/R.
Shorted against declining 10 sma with MACD, should wait until BB breach with high vol, you can see the bigger reversals happened with big vol breaching one of the BBs
High vol exhaustion breaching the top BB’s then reversal.
When it reversed 4 bars later its was the highest volume which started a move up for the rest of the day.
Big red bar was because might have to stop offering interest payments on stable coins, their core business.
Stock goat 