It seems Five Below had some more to give after Monday’s bonanza. It wasn’t quite such plain sailing, but there was money on the table and it would have been rude not to take it. Here’s the chart.
There was a possible earlier entry, but actually there was no momentum there. This is easier to see on the 1 minute chart than my regular 5 minute one, and obviously much easier to see in real time.
Things really picked up after about 10:15, so that’s when the entry became valid. The ride was not as smooth as the chart makes out, but the volume kept up so it was worth holding until the move petered out. I got a better exit here than yesterday’s trade, though frustratingly I ended up two cents short of making a nice round dollar per share. Can’t win the all.