If you understand this setup, you could've bought the spike low and made a dollar or two in minutes. At least you wouldn't do an all-in the day before. There's no technical analysis. No fundamental analysis. No time wasted for your money on a dead stock. No agony over what would happen tomorrow or next week. No risk of getting killed over earnings. Just a setup. Plain and simple. Fast and reliable.
Where will GHM go from here? I don't care. This is the essence of trading setups. You don't guess where a stock or a market would go. Nobody can do this successfully over time. You only enter if a stock is in a setup. Most stocks are not in a setup most of the time. Most traders trade by guessing so they'll never be able to make a living.