Preliminary Trade Plan
AAOI: The stock bounced to a potential resistance level in a form of the MovLreg as we will be watching for potential reversal intra-day off the 68 level to initiate short position as the stock could fade to the 65 level. Risk level: 68.7
CARA: the stock broke down under the 14 and on a break down under the 13.6 could trigger a move to the 12.25. we will be monitoring the stock for potential short trade off the 14.5 level.
PTGX: swing trade candidate as it could stat drift higher after it closed over the 12.5 level.