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Here is what is currently happening.

Entered this trade when it dipped back down near the original HOD breakout level. My thesis was that it could run more if it could bounce nicely off that level, however, it kept dipping lower so I cut it for a small loss. It squeezed to the $13.40s not long after, as it bounced nicely off the VWAP and spiked. Most likely trapped short sellers on the dip.

