Tonto Trade – CSIQ

CSIQ was on my WL. It opened on nice volume and positioned itself above the swing high PP from the previous session. The 2nd bar was an IB and the 3rd bar partially filled the wick of the second one. I entered on the break of the 3rd bar high. The 4th bar almost shook me out, but after that CSIQ took off. My goal was the intraday PP at $21.60, where I took a partial. Around noon the market started to reverse so I exited again at 21.60 on the way down. Towards the end of the session CSIQ took the PP again and closed strong for the day. This is a potential continuation play for tomorrow with $25.00 being the next target. Volume for this stock was really good today.