August 2, 2017: This has been my best swing trade so far. On 28 Jul [stock_quote symbol=”MBRX” show=”name” decimals=”2″ number_format=”sd” template=”” raw=”0″ class=”quote”] 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.”
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