Fib Extension

ENER is a great example of a gap up trade with fib extensions, that gave a good buy set up in the first three 5 minute bars today. This should have been bought near 37 and taken as a trade all day with stops below 12/8 lows. This would give you good safe entry, exits on the profit could have been taken partially @ the 100% extension (38.5) and let the rest ride into the days close.