$AKS short target 5.75

Yesterday I had a fantastic daytrade on AKS shorting 5.35, which was a deep pierce of the 200 MA on the hourly and just under the 50 DMA. From the daily chart below you can see that the stock is incredibly bearish.

1. The 20 MA crossed the 50, which are both sloping down

2. Confirmed breakdown of the MA support

3. Bear flag pattern

4. Price retraced into the daily MA's.

This is a picture perfect setup. This is the kind of thing I am watching for on SLV. I am very hesistant though to take any over night positions unless I am very sure that I won't get gapped up, which sometimes happens as stocks trade into MA's off of the lows. I'd really like to see this thing get extended to the upside before going overnight on a trade, which will most likely be done in put options.

I would like to see a 50% retrace up to the 5.75 area which also was a gap window and pivot area that immediately preceded the failure of the moving average support. I have additional resistance just above at 6 dollars which also coincides with gap fill and a 61.8 retrace and multiple data points showing resistance.

That honestly would be the best spot for the entry so that would be my spot for entry if the first entry zone looks too dicey. Downside target would be 4.75 which has been support for this stock since June.