Of particular importance to us is the combined view of the stock chart, Time & Sales data and the Level 2 data.
We have been holders of NSPH for awhile as after it's most recent earnings call, they really beat it up.
This is an example of "Know thy stock" in the "10 Commandments of trading" that's available on the site. I trust that you all have looked it over.
NSPH is making great gains in their business model although the sales have been a little slow in developing. Why? Because it's a longer turn-around time from presentation to purchase order than most businesses. Their primary customer is hospitals..they take forever to make such decisions.
Anyway, when this one popped the other day, we had expectations that it would pull back to test the gap area..and we were ready.
Below is a view of what we were looking at yesterday at a specific time in the day.
Remember, it's all about favorable risk/reward scenarios..
This one had a few..The pullback filling of a gap after a nice pop, the 20 Day MA nearby($1.37..where we were going to buy more!) and our filters picked up on accumulation at this $1.47 zone...
Anyway, feel free to reach out to me if any of you have questions about what I've discussed here.