RSAS - 120505

1.) What did I see?
A gap down and wide-range first bar. The second and third bars are narrowing range and inside bars that stay in the bottom 50% of the first bar. The fourth bar is narrow range (NR3), an inside bar, and a weak candle that closes at the low.
2.) What is the entry?
A break of the fourth bar low.
3.) What is the exit?
The target was the Fibonacci extension of the previous day's high to the opening range low. Price just missed it by a few cents at the end of the day. I closed the position on a break of the 11th bar high.

Notes - a low priced stock, a narrow range bar which allowed a good-size position, and a total move of ~7% for the trade. Not bad.