To be profitable, one needs to buy within 1.5c of the low price (or less), then sell at tomorrow's open. That's a 3 price level window of opportunity. Can it be done?
It's basically a depth reading exercise. If it works, will yield 50-100% pa and extremely low drawdowns in bull/neutral conditions.
Paper trading to begin. I have bought $1.15, real volume, real time. I can't prove it, and I don't care. Neither should you!
A wider window exists if selling at close, up to 2.5c, but only in bull market conditions. Anyway I'll start with the method as is. Make it harder!