Juniper gapped down at the open. It managed to rally to the 5EMA during the morning, but was unable to sustain a break above that moving average. The stock showed signs of weakness again around 12pm, so entered on the break of the 1:15pm candle. The following two candles drop very nicely but then the buyers step in and changed the game. I moved my stop breakeven at 2:30pm and 2 candles letter I exited the trade since the original motivation to enter was no longer there.
Very cool chart from RIMM today, but unfortunately I did not play it. I was watching RIMM in the early goings, but I got distracted and missed it altogether until late in the day. I would have liked to enter on the break of the third candle low.
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