In Play - CKFR

I didn't take any trades so far today. I missed CKFR which had a nice move out of a consolidation range on the daily chart. I am posting the 15 minute chart as the stock is currently pulling back in an orderly fashion and may setup a trade for the afternoon. The blue line marks support and coincides nicely with the 38% retracement level and the rising 20 period EMA. Look for a reversal candlestick pattern as well.


Update 3:25 - Long CKFR $49.14 - tight stop $48.98

Update 3:55 - Sold CKFR $49.50.