HPE — gap-reversal

Summary

Massive 9% gap, even considering its current volatility. Strong sector. It just had good uptrend earnings. But it's been down for the last 5 days leading up to this day, which makes it an even better opportunity. Premarket goes down right before the open while SPY goes up. It capitulates at the open, and I get in as it starts to bounce, with a stop around the low of day. Get out fully or sell half as it fills the gap. Even before that can be acceptable, as it has already bounced a bunch, and exit the rest after momentum ends.