1.) What did I see?
A gap up and strong first bar that closes near the high. The second bar is narrow range and forms a nice hammer with a close above the opening high. It doesn't get much more bullish!
2.) What is the entry?
A break of the second bar high.
3.) What is the exit?
1/2 closed after $1 gain. My "normal" second target would be the Fibonacci extension of the previous day's low to the opening range high - but, AKAM was strong so I decided to hold and see if it reversed at that point. As you can see, it blew threw that level and after a nice consolidation (bars five-eight), it continued the run. I closed the remainder of the position at the end of the day.
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