the AXU long trade was down big today after reporting earnings.  this trade was suggested to be scaled into using a small starter position for those interested in the pattern.  the reason for a small position size was for expected volatility of this potential bottoming play and the stop was listed as a solid close below weekly support.  as you can see from today’s chart, AXU did close well below that level today but a weekly candlestick does not close until 4:00pm on friday.  of course, every trader must decided where to place their stops depending on their own unique trading style, risk tolerance and plan for each trade.  i still own the small initial lots that i purchased in a couple of long-term accounts and although i will stick to my original stop criteria, i will not scale into any additional shares until/unless prices move back above that weekly support level.  original & weekly charts: