AAPL - I had a bias going into the day that AAPL would close its opening gap. My entry was a reversal off of two side by side dojis. Just six bars into the trade a bearish engulfing candle appeared and I immediately dumped my shares. I tried to short but didn't get hit, so I waited patiently for a decisive reversal pattern. I found it on the first higher low - a bullish engulfing bar emerged and I placed my order on the next bar as price took out the high of the bullish reversal bar. I held it for just over a point as price was about to run into the declining 50 period MA.
NVLS - As highlighted here this morning on my watch list, NVLS was up in pre-market and had momentum going in from yesterday's big move. I placed a buy stop order just above the pre-market high so that I could concentrate on other trades.
BRCM - Gapped up too high and couldn't get anything going from there. Waited for a pullback and reversal signal hoping for an eventual breakout of the morning high but the break never materialized. Just the same, the bounce off of the rising 50 period MA, was good for a 1/2 point.
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