long flag break
stop: 45.47
volume coming in inside the flag and I pounced on the break. My order got rejected because of the 15k limit on position size. I had to reenter but still got in ok.
I found this via a momo scan and liked the base b/o on daily
scaled half at 1R and stop to b/e - wish size was larger. target 46.79 below 50dma or exit on trailing volatility stop/discretionary - 45.85 level to watch as well
bounced at .84 but not much volume so felt it was a needed pullback
I was right, tiny then ripped through 46
bounced again around 46.05 but with low volume, kept stop below previous flag area at 45.78
Then it formed a tight double-top and pulled a 123 reversal so I exited.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-06-02 11:12:12 | DNKN | buy | $45.577 | long |
2014-06-02 11:13:50 | DNKN | sell | $45.670 | long |
2014-06-02 12:37:16 | DNKN | sell | $45.870 | 0 |
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