NTAP broke out of a multi day triangle pattern on the gap open. I took an early entry on the 1 minute chart above. I took a partial at the round $ number and weaved in and out during the course of the day expecting an extension of the ORH. I went long after each hammer bar. The first attempt failed, but the second off of a higher low, succeeded.
There's still room for another trade as I expect a gap fill as outlined below.
JOYG was NR7 off of the 5 minute timeframe.
SEPR had a perfect base but I didn't take the trade because of the wide stop. I knew I would be too busy with NTAP on the open.
This is a wide range view of AKAM 15 min. - basing at the PP. Could be a trade here for tomorrow.
3 comments:
You really gotta be on the ball for these B/O plays. I think I will just watch for a while ;)
Zoomie,
I know what you mean, I feel the same way every time I see fighter pilots take off in those planes. :)
I've been watching the NTAP triangle pattern develop for days. The gap up on the open was confirmation.
Ya, it's all baby steps, akin to Bill Murray in "What About Bob."
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