I thought this was a bounced spot. Wrong.
Execution detail:
I dot see any setup on that entry.1st flag break was the play. 2nd play was , event its a chase,over that 12.80 after 3 PM.
there was no setup at that spot. just because a stock is sitting near a moving average doesn't mean its a setup. a setup is a list of conditions and patterns that must avail before a trade can be taken
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Nice support around that $12.60ish area. Wish I would have saw this one...http://screencast.com/t/eRBCdmca