In this video we go over our bounce trading strategy we use regularly in our bulls chatroom. $WATT had a huge move the last couple days. As it pulled back we eyed it up on our watch-list for a bounce play. After a flush day, it came back down to a level where we could look to go long again. It gapped up overnight which showed buyer’s strength and demand. Once it flushed the first candle of the open and held the moving averages, we entered the stock with a great risk to reward. This trade was quick and had clear levels where we saw where the trade showed strength and weakness. Kunal goes over his trading recap of WATT through this explosive bounce setup.
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