Similar to $GPRO, ranging between the 9ema on the bottom, and the VWAP at the top. It didn't have the momentum to break through the VWAP, and broke down through the 9ema instead. 2nd clue: the stochastics where in decline.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-07-03 10:03:34 | CBAK | buy | $4.240 | long |
2014-07-03 10:20:46 | CBAK | sell | $4.121 | 0 |
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Similar to $GPRO, ranging between the 9ema on the bottom, and the VWAP at the top. It didn't have the momentum to break through the VWAP, and broke down through the 9ema instead. 2nd clue: the stochastics where in decline.