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The daily chart pattern was a gap up consolidation patter that was flagging. Knew there was significant sell pressure over $40.00, but felt this could be the day it finally broke out. Had a great entry early as it had gapped over $40.00 and held as support. However, stopped out later in the day. Just wasn't ready to make its move yet.

Missed initial breakout. Waited for day of consolidation. Noticed it had cupped on consolidation day and was holding over prior day high into close. Decided to get long if it was still holding support in morning. Planned to hold several days. However, double topped and broke below intraday trend, so decided to take small profit in case of bigger reversal. This was a mistake, as I would still be in the trade and able to lock in quite a bit more profit.

Took this trade right before the close on a Thursday as it was holding well over the prior day high and had broken flag on daily chart. Was in a solid uptrend and had confirmed support over prior resistance of $41. Held overnight and initially opened real choppy. Then sold off. Discovered they had announced a secondary offering early that morning. Need to pay closer attention to news that might invalidate a trade and allow me to exit at a much smaller loss or even a small profit.

Chased this a bit, but then it ended up holding support over $4.12 into the close. Stock rallied the next day, but couldn't break prior resistance area. Planned to trail stop, but felt this could need a pullback to test prior $4.05 resistance for new support. Market took a turn and got stopped out of trade. The next day it rallied well over 20% from my initial entry. Needed a wider stop on this one.

Liked the daily chart setup. Entered on confirmed bounce off prior resistance of $18. I exited the trade early due to lack of volume and resistance at $21.65 area. Decided to close the position with a small profit with such low volume and bad spreads. It ended up holding up very well into close. The very next day it broke out and at one point I would have been up well over 10% on the trade. Learning patience in my swing trades.

Swing trade. Stock was in very consistent uptrend. Clearly bounced off trend support and prior resistance level. Had been testing $64.50 resistance for several weeks and decided this bounce would be the final attempt to break it. Plan going in was to patiently trail stop on daily chart with a final target of $67. Didn’t quite make target. Sold on failed continuation of intraday move end of week. Stock still in play, but glad I took profits. Nice 4R trade.

Waited until near the end of day for confirmed support over breakout level. Looked to be a solid coil (wedge) breakout on the daily chart. Held overnight. Market started to tank the next day and I think that’s what influenced this stock to deviate from a continuation move. However, the price action history of this stock is full of big whipsaw sell offs and bounces. Just a choppy stock and the types I should avoid trading. Had some slippage on my exit, due to thin volume.
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