Same deal as the others, was bottomed out, and starting a rising crossover. Price was rising with the 50MA into the channel high of 216, and the massive wick on the candle from 12/27 told me that a lot of the sell orders above that price were absorbed already, paving the way for an easy price rise to find more . I bought at 197 last night. Hoping to see it test and break its most recent high of the 260-280 area. I'm not married to so I'll probably sell and wait for the next dip.
Stop loss was placed below the 50MA and the last small channel low at the time of trade. Risk/reward on this trade was 3:1, and I left the original R/R indicator on the chart. I have since moved my stop up to my buy in price, making my risk 0. I will move my stop up to 260 if it gets to my target and blows through it, thereby securing a 35% gain and trailing price higher.