Pivot High

TraderHank’s play in NTAP

 My next play was in NTAP which I found on my gap down list as a Tier III gap that can only be played on it's own merits and usually on a 15 minute setup.  Price action filled the gap in a flurry, which usually makes a pretty good short.  NTAP triggered just below the 20 ma @ 9:45 am and I entered short.  For some reason I had put my first target at .60 cents but it should have been way down at the bottom, my mistake but it worked out fine as NTAP got bullished and I was forced into trailing out of the play with a little over 1 R profit.  Here is the 5 minute chart for my play in NTAP...


NTAP02142014