DELL March 13, 24 How I use gap up to buy and sell

One of my favorite technique to buy a strong stock on huge gap up is

1. Wait for some days after the gap up to see a range would be formed.
   
2. From here I have 2 choices
   

• If a stock will go up an upper range, I will buy it as soon as the stock crossing up, stop loss if it will go back to the range
  
• If a stock will move down to the lower range, I will buy as closed to the lower range as possible, stop loss if the stock moves down further
  

DELL falls in to the second case. I bought it around $114 yesterday very closed to the lower range (the purple line) and then sold it today around $110 as the stock crossed down further

Trade active:

We have re-entered the position on March 21, see the related ideas section for details.