MOBI Trade on Apr 17, 2014 15:53 from Mike_Lucas_BOWS: Tradervue User Stock Trades.

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Mike_Lucas_BOWS

 

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


Comments

2014-04-19 19:37:16
 

Really like this idea. Good luck!

2014-04-21 00:02:01
 

so you followed Kunal as well lol

2014-04-21 09:46:53
 

Didn't realize it was a Kunal pick - I'm not in, but I love the look on the 30-min

2014-04-21 19:34:37
 

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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