This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com
I traded COGN today after it gapped down with the rest of the market, then started to show strength above its’ previous day high. A hammer formed at the 5 EMA. I exited as it showed weakness after a fairly wide range bar that was unable to take out the HOD. The market looked tired as well after SPY and QQQQ completed the gap fill.
This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com
