I am quite happy with how this trade played out. I bought as a bottom was formed and beginning to squeeze upwards. My risk was relatively low with the tight coil that was forming and thus a larger position size probably should have been taken. Oil stocks were also breaking out at this time, increasing the probability of this trade. I sold some shares off into the first spike. I re-entered another long position as the stock was flagging with the 9 EMA riding underneath. I scaled out into the breakout.
Execution detail:
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