Daily chart revealed multiple converging levels of resistance and an gapping ER BD. A fade would lead to gap from 22.47 to 20.07 A huge Profit Oppertunity!! On open, I had decided the plan to fade the surge up into the resistance. I placed a limit order ss @ 22.26 (by hitting the wrong button on a new montage). My planned position was going to be 300 shares with a 40cent stop. My last add was @ 22.58 making the nasty fakeout candle scary. Watching level 2 convinced me there was still weakness in the PA. When it started to favor my position I added to the short position @ 22.16. Scaled out 2 lots then added back in @22.00. Then managed the remainder of the trade as usual
Execution detail:
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Great trade! keep on going