Play: Bear flag
Gapped down, flushed and started basing out. Looked like it was breaking down so got in. When it reversed right away, I got out.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-06-18 10:43:45 | CAG | sell | $30.550 | short |
2014-06-18 10:44:55 | CAG | buy | $30.660 | 0 |
I think intraday was good short and good stop. Only hesitation was the role reversal on daily around 30.50ish.
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Vwap was resistance. Never broke above it. That was your line in a sand.