Stop: 198.20
R: 1
I had this stock in the back of my mind, because it was the other part of the busted $MAC takeover. It showed good strenght the entire day, but the HOD test failed on light volume.
Classic setup: Wait for the flush, short the retracement, close into support.
My entry was shot, however, I had two chances of getting it around 198.00$ wich was a previous breakout level and thus supersafe.
Execution detail:
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