INM Halt 5/19
I entered INM before their trading halt this morning at $1.48. When this video begins, the halt had just been lifted and trading resumed. Due to significant selling pressure on the ask around the $1.70 level, I decided to quickly sell half of my position. Unfortunately, the stock faced strong resistance at that price range and was unable to break above $1.70.
After observing the rejection at that level, I exited the remainder of my position and secured a small profit on the trade. My initial expectation was for the stock to break through $1.75 and potentially make a move above the $2.00 range. However, there was a large seller with approximately 386,000 shares sitting at $1.80 on the ask, which pushed the price lower after video ends below $1.60. Insta - tf_trades