AAPL - 123005

1.) What did I see?
A gap down with the first two bars staying above the opening range (OR) low set by the first bar. The second and third bars are weak and fall below the OR low. But, the fifth bar rallies and closes strong, and most important closes back above the OR low.
2.) What is the entry?
A break of the fifth bar high.
3.) What is the exit?
The retracement zone from the previous day's high to the opening range low and the declining 34MA were obvious areas of resistance. 1/2 of the position was closed after $1 gain; the other 1/2 was closed at the 34MA. Note how price tagged that area and then stalled/reversed.