XNET trading plan 2017-11-06

Nov 4, 2017

XNET, a huge runner over the past two weeks. #GAP-UP has been a consistently performing trade, however in the last two days #GAP-DOWN has come into the money despite the presence of brutal morning spikes. If shorts get deterred from playing gap-down here, we could see huge potential gap-down profits, ideally a slow and steady decline to hit gap-down profits day after day until we reach the support zone.

Looking for intraday plays only on excessive volume.