Broke out and flagged all day. It looked very coiled under the $18 mark. It tried and failed and I stopped out. It made the move later in the day that I was looking for. Not really sure why it popped when it did. I'm not seeing a pattern for the big jump that it made.
Execution detail:
Popped later in the day because the SPY did. But you see that it got held up around the .20 area because of the daily chart, like I mentioned to you. So the upside potential in this was limited anyway, even with a break. Now, for this to flat top b/o from here, it will need to consolidate for a while. So I think this might be a short watch for a couple of days while it is doing so. Just imo.
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Needed a bounce in the market for this to really get going.