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| SIG gaps outside its consolidation, has room to move Starts the day by fading but with the bullish gap, an A&E pattern is very reliable Stock gets close to filling its gap but finally finds a strong buyer at 44.80-.82 An entry anywhere within a nickel is ideal with a target of the high of day, or until the trend breaks. This trade asks for a nickel of risk for a 1.5 units of reward. $ trade. LEARN IT! Note: I did not take this trade although. In the future |
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| All notes on the image... I did get involved with this but moved my stop to breakeven without good reason. Chumped a 60 reward trade. Gotta study these charts and not blow the trade in the future. |
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| NTAP opens with a strong opening drive. Trade #1: Buy the first pulback close to VWAP. 54.35 held its bid and I was able to take some in the upper 30s. Sold move in the 80s-90s before the whole. Risk was about a dime for potentially a point. Trade #2: Find a buyer above the upper range of the a/h earnings reaction 55.40s held the bid and consolidated for about 5 minutes, bought .50-.51 Sold everything in front of 56.20 selling as highlighted (avg .17) Risk was about 10-15 cents for a measured move target of a point. |
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