Play: Bear flag
Gapped down, pulled back to yesterday's support which was now resistance. It tried a few times to break that level but couldn't. Got in when it broke 9ema. It started going my way and when it seemed as thought it was going to bounce with the market in an uptrend, I bailed flat. If I had respected my stop loss, my target would have been reached but it was hard to get a read on it so I played it safe.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-07-10 10:11:06 | PXLW | sell | $8.410 | short |
2014-07-10 10:17:39 | PXLW | buy | $8.410 | 0 |
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