Jun. 4 at 9:06 PM
@Kesiya, hard experience has taught me to wait to see if an After Hours uptrend and surge is sustained with an up candle in the early second hour of After Hours trading. If it is up, and the trend is confirmed with volume in a sweet spot in the low 1 to 20 million range, then I buy.
With
$SHPH, I’m looking for the price to be above the 200 Hour Simple Moving Average on the hourly chart, a key support level.
Even though
$SHPH has given up most of its initial AH gain, it is still up 7.4% at the end of the first AH, and is looking a lot like
$SNAL did in After Hours on April 13, initially giving ip all but 8% of its initial AH gain, becoming a 377% runner the next day. Being a pharmaceutical,
$SHPH could be a prime stock to run overnight and the next day.
So, watching for
$SHPH to get back above the key 0.57 level, and maintain a 2nd AH up candle.
