$NET Morning Star Reversal Pattern

I have been looking to take a position in NET after earnings. I have waited for a pullback which has happened. On Wed, Thurs, and Fri of last week it formed a Morning Star Reversal pattern. So, I have put on a half size position pre-market. My risk reward is exceptionally good here as my stop can be just below the previous low or a close under the rising 50 DMA. I managed to get a fill at $200.00.

Citigroup has also raised the PT to $255.

If you like this idea, please make sure it fits your trading plan. Remember, it is your money at risk.