The Art of the Chart

Not many daytrade setups today, at least setups I could find. Was not focussed and had other things going on at the same time, so that might have been a reason.

What goes up must come down and vice versa? NTRI was one of the top gainers in 2009 and it broke down really hard this year. After what seems to be an exhaustion gap in the beginning of march it showed up on my gainers list. I don’t know what the news was, but clearly there was a pleasant surprise. It ran up hard but finally offered a beautiful opportunity to enter. It was a pleasant surprise in a choppy market where most of the strong stock seem very extended and offer less opportunity.