Shared by
MarkieSparky81
Looking at the daily chart, this made about a 300% move a month ago and then pulled back about 150%. It had been holding relatively well within a solid range on decreasing volume each day. So, I was waiting/looking for it to break out of the wedge on the daily around $2.40, figuring it may have another run up of around 75%. Today ended up being that day. I entered at $2.40 when the upper wedge broke. The trade didn't immediately work, but luckily I stuck to my plan. It ended up working out absolutely perfect, and I even left quite a bit on the table.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-08-12 09:33:00 | NAOV | buy | $2.440 | long |
| 2021-08-12 09:36:00 | NAOV | buy | $2.420 | long |
| 2021-08-12 09:55:00 | NAOV | sell | $2.720 | 0 |
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