Long
nbev - scallop setup

I couldn't resist scanning for some scallop setups or (inverted J's as some call them) after this sell off with the reward being so great and found a good handful of these, but i do like the look of nbev picking some up at the 55% retrace for an initial position. Take a look at the scallop i traded on mlco for price meeting target 
Trade active
relatively low volume overall but nice to see that e.o.d vol surge coming in that's what we need to surrender the 15% float could have them hedging scared tomorrow!Disclaimer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.