Looking to get in this trade with a trigger@$15.14 with a stop@14.14
The reason this stop is so aggressive and not below the ALL TIME LOWS is because the stock today closed above a historic support level of $15.14. This means that if 15.14 is broken again then I do not want to be in the trade anyway so I'm willing to tighten up my stop.
What I want the stock to do: retest this support level, which will trigger me in, and and form a bullish hammer with a long lower wick that that doesn't poke thru the $15.14 support level.