I traded this as a bullish pennant. The setup was nice and the breakout occured on pretty strong volume. I was really on the wrong side of the market though. After entering the trade I looked at the market internals, which were awful, so I tightened my stop aggressively to 104 and got stopped out for a .45R loss. We're entering summer trade, so I'm trying to be more selective and only trade stocks that are in play.
Setup:65
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