No 4 Pattern for Swing Trades ,(Pull back to 4ema)(KODK)

 - Spiked big on blockchain news (hot sector)
 -Had 2 red candles
 -Pulled back to 4ema
-Then had a >9% gain (the last green candle)
-The last green day was also a friday,which helps spike

So stock runs big, pulls back to 4ema, flirt with it and then bounces, specially on friday
All stocks which are heavily shorted  after recent run up can bounce on Friday AM

Lets look at intraday

 

 -Spiked per-market buy had a week open,did hold the pre market line though.
-Strategy would be to take partial profits pre-market and then add on market open
-Or simply buy at market open
-Open was weak and previous day was big red candle, so sell orders pile up at open and stops go off