Entered long on a triple tap breakout intraday. Price had gotten above the range on the Daily(but not by much...about .10) Price tapped just shy of 14.60 a few times. Retreated back into consolidation. I entered long when I thought it was coming back to test the top. It remained in consolidation until eod. Small spike in last minute of day back to entry and I exited for a scratch trade. Ok setup. Not a High Rel Vol stock on the day which lowers probability of breakout this late in the day.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-05-21 15:02:39 | GTAT | buy | $14.570 | long |
2014-05-21 15:58:34 | GTAT | sell | $14.570 | 0 |
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Looked like it was worth a try to me. Yeah it just didnt have the juice to make the move