NTRR - This is really the only potential setup I'm watching for Monday.
Over-extended. The price is jumping on thin news. Weak fundamentals. Watching for a red candle/topping pattern.
Quote from legendary trader Jesse Livermore:
"There's a never ending stream of opportunities in the stock market, and if you miss a good opportunity, wait a little while, be patient, and another one will come along. Don't reach for a trade, 'ALL' the conditions for a good trade must be on your side."
Posted Dec 26, 15 11:35 AMbyFreedomtrader757
Categories
Short Selling, Short Squeeze, Shorting Low Floats
Tickers
NTRR
That's definitely over-bought and over-extended. It's going to eventually start coming down, but the way the chart looks now, it's not a chart pattern I like to trade personally.
I like it, I'm going to watch this stock seriously
@Freedomtrader757 Fair enough. I had only asked because it possessed most of the qualities you described about $NTRR. Also, I agree that that $NTRR is most likely going to crash, but are you at all concerned that this broke the resistance from October?
@Daddycrate, you have a good question. I'm more focusing on the resistance levels from Aug thru end of Sept. (around $2.25) where price closed on Thursday and there's also another level of resistance stacked at $2.50-$3.00 from (Feb - May 2015). I'd actually like to see it try to breach that level on Monday and then reverse. If it does that, I'll short it
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