Remember that its easier to join the trend rather than fighting it.
To play long (with the trend in this case) on a positive news release:
To play long (with the trend in this case) on a positive news release:
- make sure enough relative volume came in on the initial spike
- let it pull back to vwap then buy it with high of the day as potential target only if the risk/reward makes sense (3to1 at least)