Entered trade at 10.49 for a short after flag BO failed on 15 minutes chart. STO and MACD supporting decision. Looking for 10.12 support on 15 min chart. Set stop at 10.55. Following trade on 5 min chart. Moved stop to 10.40 when price dropped to 10.32. Trade de-risked. Stock holding resistance on 20EMA. Broke through resistance and stopped out at 10.40. Not a huge gain, but under control.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-06-04 13:28:46 | MNKD | sell | $10.490 | short |
2014-06-04 14:09:33 | MNKD | buy | $10.400 | 0 |
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This stock has been so strong, i tried to short few times without any success.