This gapped up in sympathy with another cancer drug company that had a good trial, I thought it would really run. The daily was in a clear downtrend, but it had gapped above the ma's. In hindsight this stock pops and flopps at the ma's. According to the chart it appears that I took the trade on the 2nd candle but I thought that I took it right as the 3rd started to form. anyway... The range on the first candle made this a little tough, risk was kinda high, but it worked out. Not a great trade imo. though.
Entry:
Execution detail:
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