TRADE IDEA - MGT - 8% IF ENTERED @ 21.00

MGT has a good growth story. With a beta value of 1.36, presently it indicates as a stock with higher activity. On the 10th of Dec the stock hit a lower low of 20.70, whilst the 9th Dec close was 21.00. On the 11th the close was higher at 21.20. This looks a decent swing low setup. Therefore it looks a potential short term trade target.

My setup is as follows:
Enter - 21.00 to 21.50
Exit - 23.20.
Stop - 20.70.
This setup is valid for a short term trade, provided that the stop is executed at 20.70. However for those who would want to hold it is advisable to average down.