Intraday Scan. Thought I had good resistance at 11.00. No go. STOP at buy price.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-06-11 15:00:00 | CXDC | sell | $10.940 | short |
2014-06-11 15:07:00 | CXDC | buy | $10.960 | 0 |
Notice the volume pattern from when it open till when you got in. The easy money to the short side was over.
price on daily fell a little below the 20 ma and looks like it found a bottom.
then it went on a relief/squeeze zone bounce. moving averages were trending up and it was flagging.
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Good risk management.