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But is it going to hold? the high right now is 740 but 709 on the bid? H level 747. But it's not quite strong enough to Halt And then look at that 690 on the bid. Yikes. It's just too easy to lose 30 40 cents on that.

That's the problem. So I got my profit earlier in the move up here. What I didn't like was that choppiness that pop the way the bid couldn't catch up. Those are all warning signs possible.

Red flags Caution flags that this is going to be a difficult stock to trade at these levels.

By Stock Chat

where the coffee is hot and so is the chat

12 thoughts on “This is a false breakout #daytrading #stockmarket”
  1. Avataaar/Circle Created with python_avatars David D says:

    The bid and the ask confuses me. The charts are what I,'m good at.

  2. Avataaar/Circle Created with python_avatars ken twist says:

    Best teacher

  3. Avataaar/Circle Created with python_avatars Ninja Ape says:

    You've b!tched a lot on same stock ๐Ÿ˜…

  4. Avataaar/Circle Created with python_avatars Will DaBoxer says:

    Great Lesson From The Legendary Ross Cameronโ€ผ๏ธ๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ

  5. Avataaar/Circle Created with python_avatars ChainGunJohn says:

    I was unfortunate enough today to buy one of this stock's many false BOs. Lost close to 0.30/share. After unsuccessfully buying more of those, I took a breath and waited for the handy-dandy micro pullback. Left the desk today only 0.02 down. I'm relieved to say the least, but the candy bar is still a long ways off! Thanks a bunch for explaining these bangers in shorts, Ross!

  6. Avataaar/Circle Created with python_avatars Shuhrat Robimov says:

    Could you please make a recap on CCG Ross thank you!

  7. Avataaar/Circle Created with python_avatars Golstog Golstog says:

    Where do you see false break out on level 2?

  8. Avataaar/Circle Created with python_avatars MJohnny909 says:

    First loss of the month on this stock. Darn it! Hit reset and start again tomorrow.

  9. Avataaar/Circle Created with python_avatars survivemich survivemich says:

    Im glad you mentioned that ross. I hard a hard time trading this stock today.

  10. Avataaar/Circle Created with python_avatars Kersy says:

    CCG was insane today! Knocked out $18 a share during a halt up ๐Ÿ™

  11. Avataaar/Circle Created with python_avatars Izquierda Derecha says:

    And now after hours touched 12; hope you comment on that and a video on CCG. Greetings Ross.

  12. Avataaar/Circle Created with python_avatars I am Darionix says:

    false break

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