In rushing to get the OSTK trade idea posted, I had quickly eyeballed the stop level to be within my typical 3:1 R/R (risk-to-reward ratio). As the low trading volume surrounding the Thanksgiving holiday results in an increased rate of whipsaw signals & stop-raids, I am revising the stop to a 60-minute candlestick close above 61.27. That level was calculated using a 3:1 R/R; 3 units of profit potential if the price target is hit vs. 1 unit of loss* if the stop is triggered. *The loss will slightly exceed the 3:1 R/R since it will be triggered on a 60-minute candle close above that level.
The previous notes & chart on this trade can be viewed here.