I had been watching $TNGO for a few days because I knew it had squeeze potential. The stock was beaten down hard on the daily due to the lovely ladies at Streetsweeper issuing a hit piece on it last week. The pattern that developed this morning in it is one that we play a lot of time intraday and one you definitely want to memorize!
So we bought $TNGO at $14.53 and took it off at $14.9’s when the $15 spot got rejected. Nice gain!
$JVA was a similar pattern today and our buy at $9 was a chase based on this pattern. Check it out see if you can tell why $8.7 was the real buy spot!
If you’d like to learn how to trade intraday flag patterns – and a host of other killer setups – email me at firstname.lastname@example.org