NTRB Trade on Dec 31, 2021 09:03 from BanalityOfEvil: Tradervue User Stock Trades.

Play: Gap n' Go

Get as big as you can in this trade. Wait for 5 minute bottoming tails to form off the open. Most momo plays have been seeing this pattern off the open with big shakeout candles before continuation. Wait for volume to pick up and support to be found. Watch L2 for hints of a large bid as sign of reversal to the upside after initial selloff. Sell into strength, Add into 1st and 2nd pullback. Do not add into 3rd pullback.

NTRB gapping up on share buyback news from Wednesday and fresh patent news today. Chart is pretty beaten up. Logical target is $10 if volume pours in.

Review:

Got long at 6.50 looking for move to 7, very strong premarket chart with respect to vwap. Was a a little extended on the 5, but volume was increasing. Bought 400 shares, (scaled in) just after 9am. Stock moved to 7.20. Quick 100. Will hold 100 @ 6.57 AVG into open. This may go to 10 if can hold 7. Stock is curling and testing 7 with 1 minute to go.
Sold remaining 100 shares from premarket into the 2nd minute as stock was struggling to reclaim 7.

Allowed stock to breakdown a bit, expecting move higher in the opening drive
Tested 6.50, bottoming candles forming on 5 and 1 minute charts.

Big bid in the box @ 6.65 showing over 100k shares.

9:34 put on feeler of 50 shares, 9:37 added 100 more shares as VOLUME RESUMED, added 300 shares at break of 7 dollars. Stock flagged for 2 candles (1min) and I sold ½ position at 7.25 as stock continued driving with bottoming tails up to 7.75, halted….

I should have only sold 30% max at this level

Stock Halted holding 225, reopened @ 8.40, got filled on another ½ @ 8.20
Added remainder of bp for break of 9 and move to 10, increasing price avg from 7.05 to 7.38, stock is holding just under 9, going to hold this as long as possible until r2s
Stock pulled back to 8.25 by 9.50 so I sold the tiny add. Holding 110 shares for a move to 10

NTRB tested 9.25 again around 10:05, expanding volume, pulled back to 8.50, tested 9.25 a 3rd time and broke.

Sold full position at 10 (final 100 shares). 10 seemed like a good target based off the daily chart. This may go higher, but I would like to lock in a big winner to end the year.

Stock pulled back to 9.75 and is going almost LU again to 11