This baby failed its gapper so i was looking for a short play.
Setup was a Bear Flag
Entry was when I notice it was about to break through the 48 price area. Once it gap up again it I use the bear flag setup.
Exit was suppose to be 47.40 area because it notice some support in the area some support but I held on for the big flush.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-07-17 11:07:58 | FRC | sell | $48.005 | short |
2014-07-17 12:00:09 | FRC | sell | $47.680 | short |
2014-07-17 12:35:03 | FRC | buy | $47.620 | 0 |
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