{"id":138,"date":"2020-04-21T01:38:38","date_gmt":"2020-04-21T01:38:38","guid":{"rendered":"http:\/\/thetechnicaltraders.net\/?p=138"},"modified":"2020-04-21T01:39:37","modified_gmt":"2020-04-21T01:39:37","slug":"4-20-codx-breakout","status":"publish","type":"post","link":"https:\/\/thetechnicaltraders.net\/index.php\/2020\/04\/21\/4-20-codx-breakout\/","title":{"rendered":"4\/20\/20 CODX Breakout"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">CODX was a stock in play gapping up on high volume. It had a strong opening drive and tested the whole number $15.00, rejected, and fell back to vwap. <\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img data-recalc-dims=\"1\" fetchpriority=\"high\" decoding=\"async\" width=\"688\" height=\"343\" src=\"https:\/\/i0.wp.com\/thetechnicaltraders.net\/wp-content\/uploads\/2020\/04\/4-20-CODX.png?resize=688%2C343&#038;ssl=1\" alt=\"\" class=\"wp-image-139\" srcset=\"https:\/\/i0.wp.com\/thetechnicaltraders.net\/wp-content\/uploads\/2020\/04\/4-20-CODX.png?resize=1024%2C511&amp;ssl=1 1024w, https:\/\/i0.wp.com\/thetechnicaltraders.net\/wp-content\/uploads\/2020\/04\/4-20-CODX.png?resize=300%2C150&amp;ssl=1 300w, https:\/\/i0.wp.com\/thetechnicaltraders.net\/wp-content\/uploads\/2020\/04\/4-20-CODX.png?resize=768%2C383&amp;ssl=1 768w, https:\/\/i0.wp.com\/thetechnicaltraders.net\/wp-content\/uploads\/2020\/04\/4-20-CODX.png?resize=1536%2C766&amp;ssl=1 1536w, https:\/\/i0.wp.com\/thetechnicaltraders.net\/wp-content\/uploads\/2020\/04\/4-20-CODX.png?resize=1600%2C798&amp;ssl=1 1600w, https:\/\/i0.wp.com\/thetechnicaltraders.net\/wp-content\/uploads\/2020\/04\/4-20-CODX.png?w=1915&amp;ssl=1 1915w, https:\/\/i0.wp.com\/thetechnicaltraders.net\/wp-content\/uploads\/2020\/04\/4-20-CODX.png?w=1376&amp;ssl=1 1376w\" sizes=\"(max-width: 688px) 100vw, 688px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">As you can see, after the stock fell below vwap, it got bid back up near the high of the day on decent volume. After this price held, I entered my initial position with a stop loss below the previous 1-minute low. After volume rushed in and I saw the large offers on $15.00 start to deteriorate, I doubled my position. The risk\/reward on this addition was very poor but the probability of profit was very high. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Once high of day at $15.00 broke, the stock jumped all the way to 15.20 and I took off 1\/2 of my position. After the stock approached my next profit target of $15.50, the stock fell hard and formed a bearish engulfing candlestick. I thought the stock may have found a top so I took the rest off. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>CODX was a stock in play gapping up on high volume. It had a strong opening drive and tested the&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5],"tags":[],"class_list":["post-138","post","type-post","status-publish","format-standard","hentry","category-daily-playbook-trades"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/thetechnicaltraders.net\/index.php\/wp-json\/wp\/v2\/posts\/138","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thetechnicaltraders.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thetechnicaltraders.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thetechnicaltraders.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thetechnicaltraders.net\/index.php\/wp-json\/wp\/v2\/comments?post=138"}],"version-history":[{"count":2,"href":"https:\/\/thetechnicaltraders.net\/index.php\/wp-json\/wp\/v2\/posts\/138\/revisions"}],"predecessor-version":[{"id":141,"href":"https:\/\/thetechnicaltraders.net\/index.php\/wp-json\/wp\/v2\/posts\/138\/revisions\/141"}],"wp:attachment":[{"href":"https:\/\/thetechnicaltraders.net\/index.php\/wp-json\/wp\/v2\/media?parent=138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thetechnicaltraders.net\/index.php\/wp-json\/wp\/v2\/categories?post=138"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thetechnicaltraders.net\/index.php\/wp-json\/wp\/v2\/tags?post=138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}