PCLN made a decisive move lower off of the open. 4/15 was shaping up to be a NRIB so I drilled down to the 5 minute and saw a few NRIBs with consecutive lower highs. Partial as price approached $123 and exit balance on a bounce back to $124.I could have taken a long after the stop out, but I had no idea it would retrace 50% in today's market. Notice the low volume on the retrace.
2 comments:
SIGM set up nicely on Friday. 7/15 was NR7 bar with lowest volume. Somehow I missed it, got distracted with another stock, so hopefully someobody caught it.
Rick,
Great setup, also break of 5 min. ORL after 2 NRIBs at the $40.00 round number level.
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