Tonto Trade – PKG (Packaging Corp of America)

I just realized I cut part of the volume and I am two lazy to turn on my trading computer.
Anyway, after gapping down and printing a long lower shadow on the OR, PKG rallied. It could not close above the 5EMA and started an orderly consolidation with a base at the bottom of what seemed to be a descending triangle (lower highs). At 1:30 it broke to the upside with a bullish green candle that closed above the 5EMA. I should have entered there, but I hesitated considering the overall indecisiveness of the market (and mine) and the fact that the 20EMA was hanging close to that entry. PKG continued its way up and once it took the 20EMA, it was a matter of finding a dummy spot.

And here is another interesting dummy entry with MOT.