I hope you guys are making the most out of these market conditions because they won't last forever. Strong ramps and then solid fades are giving traders chances to get sized in properly and ride the trade most of the day.
One of the best things about the IU community is everyone is helping each other. A member posted the news and members were able to jump in long before the big run.
Nate had his eye on this for most of the morning Tuesday. You can see where he started in and once it failed that $3.40 area for a second time it was a straight fade afterwards.
VERU Failed Follow Through
Our favorite setup!
NMRD Failed Follow Through
Same setup different day.
LEDS Double Top
You can see the double top right at $10.17 and that also was the red/green line. Once it failed the 2nd time Nate started in short.
Have a great weekend!