This is a very nice risk/reward trade as the price could potentially hit the target and then also break out the ascending triangle for even greater profits.
The stop just below the 200 day MA and the loss of the trend-line is a clear stop and a tight stop
Good traders stalk 90% of the time and trade only 10% of time. Quote me. :) :)
In this screencast I run through several superhot equities on the monthly time frame.
The higher time frames are often the cause of surprises for people' on 15min - 1H time frames.
Then the end of the screencast I look at the VIX on the 2 hour time frame for signs of...