10 days later, 10 points higher, NOW gap fill lesson!

On April 8th we wrote

"It needs to break the final pivot at 65.51 and it should be off to the races towards 70. As with all gap-fills, we recommend selling into the price where the gap is filled. In this case you can look at the previous pivot low before the gap down at 70.14 or the low of the previous day's candle before the gap down which would be 74.53. You will likely experience resistance in both of these areas. "


A little less than 2 weeks later, NOW is trading at $75.25 nothing like trading $.75 higher than our target!

The risk reward in this trade was 6:1

Entry $64

Stop $62

Target $74.50

Currently Trading at $75!


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