Oh Oprah, thank you for providing many opportunities to trade your stock. WTW's daily chart gave me many reasons to keep an eye on it today. 1. It gapped up (momentum) 2. It broke out of a years base (room to move on the chart) 3. Stock has a history of going on monster moves intraday
With my case built on the daily, I waited patiently for an intraday pattern. I was a little weary on when to enter., but when I saw a dip to VWAP hold (cough cough, Jon Schrager) I had to get in on the ORB.
Here is a look at the intraday pattern with details of what I saw and what caused me to get in.
Like all my lessons before, this stock showed momentum, and built on top of levels. each pullback gave a defined place to risk against.
Here are my entries. Each line represents where my risk was to
Hope to have a video to follow about this trade.
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