[isatrader]

$SONO follows through following earnings with a weekly Stage 2A gap breakout on massive volume today (+7000% above average so far), and RS at a new 52 week high above a rising zero line. 

At the stage analysis investor method entry point. But as an earnings gap, you would need to use buyable gap entry rules or fishhook for example, as gap ups make the stock too extended for the normal Stage Analysis method stop loss positions. So requires a much tighter stop loss under the gap up low with very tight risk management.

I went long an initial position in $SONO earlier today at 20.93 ask with a 2/3 position size for a swing trade, which is 12% of my account, and put on a buy stop order at +2% to buy a further 1/3 to complete the position if it gets there. Here's the twitter posts: https://twitter.com/stageanalysis/status...43010?s=20

I intended to use the fishhook setup to buy, but as the stock pulled back and undercut yesterdays low immediately I decided to get in a bit lower, as I'm only intending on a 20% swing trade with it.