NOK, looking very ugly. Gapping down, creating an big old island, which happens to be a head and shoulders formation too....
Good luck with your trades! I did one 20 cent scalp (before commish), will stand aside for a while. I have seen NOK do this in the past, and typically there are several days of selling before it begins its bounce/crawl back. I will enter NOK to hold for a swing after more pain.
Good luck to you also. Normally I wait untill the pain subsides also...but liked where it was trading pre-mkt on the weekly chart. chris
Thank you. I wish this would be posted a couple of days earlier. I just missed this classic HS play. Shoot.
still in..avg price so far is 17.37. Will stop out if it closes < 16.80 EOW. Looking for a 18.85 tgt ARogueTrader was spot on in waiting for the pain to subside.....to bad I am always early to the party.