You know... I don't trade anymore. But looking to ELON I would say: a broker is accumulating unter $1 and will sell to less informed retail people after pumping the ELON price over $1.20. "They" made a test during the first days of may and went well. If you want to take advantage of this situation:
- place a buy stop at $.99 with a limit at $1.01 with expiration date 6th June.
- In case of execution than a protective stop loss sell order should be activated at $0.89.
- After one week you can move the protective stop loss to $1.
- If you see a spike in volume than let it run for a while.
This is a little chicken game, taking in consideration the low volume/low price, but you can send me a bottle of wine if this went well.
As usual... I told you so before it happens.