ARIA Trade on Dec 20, 2013 13:07 from johnc_BOWS: Tradervue User Stock Trades.

Daily looks like it's coming out of range. However, it's slightly overbought since it's slightly outside stochastics. It could start to try to fill that gap soon though.

Looked like it was forming an intraday bull flag. Kunal himself said it looked ready in the chatroom. However, the sloppy action in the morning seems to have affected the stock's momentum and it basically failed at 7.00

In hindsight, a short opportunity came up because often when the 3rd tap fails and distribution begins, the stock will often fail.

2/9: This was a type 2 since I didn't know better back then. I wouldn't play this now because of that weird action in the morning. It opened strong but immediately rejected the 7.75 area. Never quite recovered after that. Also, a triple tap breakout can often be a short if it fails to break out, which ARIA did in this case. I should have waited for an actual breakout.

Daily chart was also slightly extended. Combine that with the weird action in the morning, the case against this long wasn't strong.