Setup: Ascending triangle based on the 30 minute chart
The stock made a series of higher lows over the past 3 days as it would tap the $7.00 range.
Added for a swing late in the day. The stock acted well in the afternoon and looks to be ready to bust out over $7.20. Targets are $7.60 and $8.00.
Update 4/21/14
This is one I'd like to have back. I don't know why I panicked. Maybe it was due to the stock starting well at the open, and then fading toward the open price. I should have let it played out, and if it hit my stop, then so be it. My initial intuition was right, and I would have hit my targets.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-04-17 15:53:10 | MOBI | buy | $7.110 | long |
2014-04-21 10:31:45 | MOBI | sell | $7.150 | 0 |
Didn't realize it was a Kunal pick - I'm not in, but I love the look on the 30-min
Yes, Kunal mentioned it last week. I liked what I saw on the 30 minute chart. However, I messed the trade up today.
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Really like this idea. Good luck!