The stock had spiked in reaction to the positive announcement. The trend quickly faded off its highs and got to a level, where it was basing on support till late afternoon. Once it started to run again, I hesitated and therefore missed the second run. I didn’t want to chase, which was good discipline and waited for the pull back to happen. Once it showed me a clear support level to risk off I entered and made sure to respect any resistance since it was already up a lot.