PLAY: Flat bottom
Stock was extended, put in a base which couldn't break out or break down of. I almost gave up on it until volume came very late and broke round #. Attempted it as my guess was people wouldn't want to be long this stock over the weekend after what happened to GENE yesterday so I tried it. Stop was more based on time. If it wasn't going to break within 5mns or the next candle, I would have gotten out. It worked out so I scaled out, pretty fast just to lock in some profit since it was stubborn all day long.
Reasons to sell: flush, 9ema
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-01-30 15:25:33 | GURE | sell | $2.010 | short |
2015-01-30 15:27:42 | GURE | buy | $1.960 | short |
2015-01-30 15:28:06 | GURE | buy | $1.920 | short |
2015-01-30 15:33:11 | GURE | buy | $1.850 | short |
2015-01-30 15:38:22 | GURE | buy | $1.820 | short |
2015-01-30 15:41:49 | GURE | buy | $1.810 | short |
2015-01-30 15:44:32 | GURE | buy | $1.750 | short |
2015-01-30 15:54:06 | GURE | buy | $1.770 | short |
2015-01-30 15:56:24 | GURE | buy | $1.850 | 0 |
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