Moleculin Biotech (MBRX)
Moleculin Biotech (MBRX)

August 2, 2017: This has been my best swing trade so far.  On 28 Jul MBRX 1.74 +0.02 +1.16% crossed an RSI of 60 and was trading above the upper cloud of the Ichimoku.  SuperTrend also gave me good indications of a strong uptrend forming so I took the trade on 28 July w/ 4K shares at $2.47.  $MBRX consolidated on the 28th and then made decent gains on 31 July before it’s nice spike today on 1 August.

I used RSI and MFI to help me determine when to exit the trade when it looked like it was becoming severely overbought.  I exited at $3.25 but the stock actually ran up to HOD at $3.40 so a decent amount was left on the table.  However,  being greedy will often get you burned and I took the proverbial “meat of the move.”

 

MBRX

Stephen

Active duty Air Force, day trader and online marketer. Check out my Trading Resources page to see what I use for my stock charting platform, intraday stock screener and more!

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