SABR stock went down over 3% after the market opened at 6:30 AM PST, in less than 15 minutes, 3% price drop. What to do?
SABR stock oversold, $2.83/ share, should get in at lowest price in the whole session.
See the above image - red area - oversold, SABR stock $2.82/ share, try to get in $2.82/ share, and then wait for a rebound - $2.97/ share in 4 hours.
I should get back in 5000 shares position on SABR stock, I purchased at $3.03/ share and sold $2.67/ share when FED interest rate - Powell gave negative signal on Sept. interest rate drop. But I was afraid more loss.
Bearish - all indicators except three showed bearish
A big volume of purchase order came in (volume indicator), so VWAP indicator showed positive as well, strong bullish in the following. SABR share price jumped to $2.91/ share.
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