$8 Profit
SOGOLong Stock
Urbs

SOGO had a 17% B/O minutes before the market opened and began to consolidate at the high of day. I bought into consolidation with hopes of a Bull Flag Pattern and another breakout. However, the company had a buyout offer from TenCent at $9 which indicated that the price would likely trade at or around the current price. I got out after learning this information with a small gain and to focus on other plays.

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Broker:ETrade
DatePrice
Entry7/27/20208.325
Exit7/27/20208.39
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