I hate when the market gaps down lower and then shows strength. CECO have some nice volume coming in (daily chart) the last week. On the 15 min. chart, CECO was inside the PDR. A WRB followed by a red IB. Not a very ideal setup. 5 EMA was close to the entry price. Entered long on the break of ORH. A little consolidation followed by a strong bar closing just above the PDH. Added to my position here as it looked like a bull flag. Price expanded with very nice volume. Sold 3/4th of my position at R2. Price again consolidated. Added a little more to my position. Wasn't expecting 100% target extension. Sold near $23 level.
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