[pcabc]

Where would you put the stop loss, below the 200DMA at around 15?

The problem you have doing that is that if you hit your stop loss you will be down 40-50% on the position.  You need to ensure that if your position fails it won't take out 1-2% of your over all account.  A 40-50% loss on a position is just too much.

Better to look for other opportunities, even if that means a long wait.