Entry price – 11.18

SL – 11.25

Risk – 7 cents

Time of entry – 15:02

Catalyst / setup – Gapping up 18% at the open on fair results set against a low bar, targets had been cut aggressively in the weeks leading up to the results.

Gapped up into the 50sma entered once rejected with a tight SL of 7 cents.

Result – Closed, scaled 50% @ 10.91 and another 50% @ 10.80 and runner got stopped for a small loss. 327% profit.