Gap Fill - CNQ

A nice day today. There were very good setups on my WL. AAPL was a decent setup but I was already in another trade and did not take it. ESL on the break of the 3rd bar high but EMA was away from the price. Took only 2 trades - CNQ and CAG.


CNQ gapped up a little and formed a consolidation near ORH which was also a previous resistance and R2. Consolidation looked healthy on the 5 min. Entered on the break of 2nd bar high. Price stalled at $58 but found support on rising 5 EMA. Finally price reached target of $58.70 - a gap fill from 8/31.


First candle with long lower tail and a small upper one. Looked bullish. 2nd candle is a NRIB inside the tail of the first bar closing very strong. When I saw the stock, price had moved above R2. I entered on the break of ORH and covered a liitle below previous resistance (shown on the chart). There was some nice resistance at $20.50 level but price managed to move above that level easily.