This is a good article in these times of gap ups. Essentially, you wait for an entry that gives you a lower risk (defined) exit.
Summary, it gapped up on earnings, but finished well off the top that day. Buying at the peak would have made it hard to hold through the 10% fall off that peak.
Bros ended up testing its lows the next day, moving toward its highs over the next few days and then doing one final pullback. The day of interest came when Bros was down three consecutive days but the last day closed high in the range (3) and down less than the prior two days. That’s a sign of supporting action when you see an upside reversal like that.
