Shared by
Boston
I saw that this stock was gapping up with no major resistance overhead, so I waited for an ORB pattern. On my first entry, the stock did not have the pop like I thought it was going to. I was too early with a stop under VWAP. I stopped out for a very small loss and waited for a better entry if the stock allowed it.
On the second entry, I nailed it.I scaled in when this looked like it was breaking the trend line and HOD and this spiked hard and fast, exactly what I look for in stocks. My first scale out might of been a little early, but it was surprising on how fast this moved. My target was around $22.00 and this broke past that pretty easily all in one 1 min candle. With this trade, I made up the loss and some.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2017-05-09 09:32:21 | NVMI | buy | $21.630 | long |
| 2017-05-09 09:33:05 | NVMI | sell | $21.570 | 0 |
| 2017-05-09 09:35:48 | NVMI | buy | $21.580 | long |
| 2017-05-09 09:36:03 | NVMI | buy | $21.650 | long |
| 2017-05-09 09:36:04 | NVMI | buy | $21.650 | long |
| 2017-05-09 09:36:15 | NVMI | sell | $21.860 | long |
| 2017-05-09 09:36:18 | NVMI | sell | $21.870 | long |
| 2017-05-09 09:36:22 | NVMI | sell | $22.020 | long |
| 2017-05-09 09:36:25 | NVMI | sell | $22.020 | long |
| 2017-05-09 09:36:38 | NVMI | sell | $22.140 | long |
| 2017-05-09 09:36:52 | NVMI | sell | $22.290 | 0 |
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