It was the initial volume on the reversal plus risk management...

It was the initial volume on the reversal plus risk management that had me out. Originally I got in as there is clearly huge potential (obviously vast blue sky and no earnings, so i expect catalysts will be confirmed deals and other news flow for the time being) and i liked the story. However, I waited until I saw a volatility breakout from a tight trading range on volume. My $1.15 is actually an average as I bought sold and then bought back in on a dip. Then the stock did its super rapid rise (a typical Minervini type play). The volume on reversal felt like it had run out of steam. I have already reallocated the capital and am actually looking for opportunities to liquidate to some extent as I don't want to be 100% invested right now (macros). As far as TTT goes it feels to me like it has established a base and if one is not already in I'd be looking for confirmation prior to the trade and if i was in any drop of circa 2-3 times ATR on volume would have me very nervous. I've got no idea which way it will go though. The beauty is, none of us need to know that over the long term to make consistent profits. What I do know is that there has been both volatility and price contraction and lack of volume for several weeks now. I would be watching volume hawkishly as that will likely prove the key to the next big money moves. Given my belief structure denies the efficient market hypothesis in its truest academic sense I also expect a reasonable probability of such action providing early warning to news flow. I feel a stock like this needs some news momentum as otherwise the puff runs out of strong moves. Personally I think in the short term that's what's happened, plus a very fast rise that was bound to settle a bit and they'll need an Ann. fairly soon to drive the upwards. For what it's worth, I think there is a good chance of another news cycling giving it a leg up and then the stock will have the much harder work of its earnings growing into its valuation. If i was inclined to reallocate capital that's probably the way id look to play.

DYOR