CSIQ was an earnings gap from the Briefing.com gapper list. Not sure where they came up with the name as this is a Chinese co., not Canadian. Anyway, after gapping up, it traded sideways until price and the rising 5 period ema came together. After carving out a NRB on very low volume, price started to expand. I went long before it took out the ORH - mini B&B or a base within a base. Once the ORH was taken out, it ran up quickly to the 50% Fibonacci extension level of the previous day low to the ORH. I locked in a partial and I was stopped out on the balance as price started to retrace following a star with a long upper shadow.

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This entry was posted on Thursday, December 6th, 2007 at 5:52 pm and is filed under Wall St Trading Strategies. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.