Posted by: I485 March 13, 2017
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ADAP hit $5.65 intraday, was up +15%, I had said $5.50 is the first resistance and it couldn't sustain that. I sold average of $5.35, will be looking for re-entry depending on how it trades.
My commentary from yesterday:
1) ADAP Long set up: - If this stock manages to break $4.71 with good volume, i think it will try to test the first resistance around $5.50 . If that $5.50 resistance is taken out, we test $7.5 to $8