Play: Bear flag
It was overextended on the daily, was making lower highs, waited for it to break 30.5 as this was an important level. In hindsight, 30.6 was the real level and should have entered on that break.
I did chase it a bit thinking with the lock up expiration, it had room to flush. It never went anywhere. Got stopped out.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-05-21 11:04:31 | FEYE | sell | $30.460 | short |
2014-05-21 11:10:00 | FEYE | buy | $30.850 | 0 |
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