I was looking at this to bounce off the 50 MA on the daily chart and it looked like it was going to go as it opened pretty hot. It flagged real quick and I bought it as it was tapping the 9 EMA and before I could even set my stop it dumped to $24 then bounced up to $24.24 when it filled my stop loss. Should probably stay away from wild ones like this in the future.
Stop: 24.30 (like I said above though, I didn't even have time to put it in and it just dumped)
First target: $25 (High of day)
Reward to Risk: 1.8
Execution detail:
I was thinking it was flagging, granted a messy one...I tend to semi-ignore the wicks on the candles so it looked like a real quick flag that I bought at the base. Definitely haven't figured out trading at the open yet! Thanks for the comments though!!
agree w.nape
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No intraday setup on entry.