We traded $EDAP in the chat room Friday for big gains. The stock was my watch list as it was pulling back on low volume after a big volume run. As you can see on the daily chart, on 02/01 the stock gapped up over the 20 MA and broke out of the flag pattern. It ran for three days.
I was anticipating that type of move today when I saw the stock gapped up again over the 20 MA and broke out of another flag.
1.Stock gaps up . I always pay attention to stocks that had a small gap. A gap means someone is interested and they cannot wait to buy it, so they have a buy order ready at the open.
2.Stock flags as the moving average catch up
3. Buy at $3.14, with stop below moving average/$3.10 area
4.Sold partial $3.40
5. Added again at $3.41 on intraday break.
6.Sold all my shares at $3.82.