Play: Bear flag
Gapped up on earnings, put in a double top then stalled in a tight range between lunch. Thought it would break down some more once it broke a key level of 21.80. Stopped me out. My stop should have been at 22.01. This stock is my nemesis. I always get shaken out before it goes in the proper direction.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-08-07 13:16:03 | SUNE | sell | $21.780 | short |
2014-08-07 13:22:20 | SUNE | buy | $21.910 | 0 |
The funny thing is I had either 21.91 or 22.01 as my stop but I wanted to go a bit bigger and it seemed like that 21.90 couldn't be broken so I picked a tighter stop. I kept it on watch but I no longer was sure and this stock always gets me!
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Looked legit man. Worth a shot. That 22 stands out as a role reversal point so maybe a little more wiggle room or if max pain hit stop and watch to re-enter