buff22
Short

ERN RISING WEDGE BREAK- Quick Short Opportunity

AMEX:ERN   ERIN ENERGY CORP
ERN broke a rising wedge pattern to the downside today.
Quick short, as the break was on weak volume , as well as support nearby to the downside.

Target 1 3.75
Target 2 3.50

Tight stop, within 20 cents
Trade active: Price retesting the break today, discretionary stop still in place.
Trade closed: target reached: took profits as target 1 was approached, t1 of 3.75 was the low tick today. a successful trade . tight stop in place for target 2
Trade closed: target reached: the low of 3.51 was 1 cent above the target 2, trade closed completely manually. great trade.
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