I don't want to derail this excellent VSA thread but I did have COE in a watch list for a few days and this is about another way of looking at this type of stock behaviour.
I run my weekly scan of the All Ords stocks (~500) during the week sometimes just for a heads up and sometimes an opportunity to enter a weekly buy on a Friday when it is obvious that the signal will still be valid at the end of the day (and week).
In the case of COE, it came up in both the weekly and daily scans on Tue 28th Feb but because I now lean towards weekly only I held off to see how it would hold up for the rest of the week and the weekly OHLC bar in the pic below says it all (to me anyway).
While I occasionally miss out on some short term fast runners I am finding that this approach reduces the number of failed trades and gives me a better win/loss ratio.
Sorry for the thread disruption, just thought that the bigger picture was worthwhile mentioning and I was familiar with this stock for about a week
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