PGTI Trade on Aug 11, 2014 09:48 from firesky_BOWS: Tradervue User Stock Trades.

SHORT SWING POSITION: Although I first started tracking this as a potential bull flag, a few factors actually have me shorting this one. Overall market seems bearish short-term, the stochastics are way overbought (90), and there have been higher volume selling days compared to buying ones as of late. I'm entering this trade at $9.55 which is close enough to the top of the flag for me. My stop is above the flag and just above the 200day SMA at $9.95. My first target is the low that was put in on the breakout day back on 7/29. My second target is right above a previous resistance line at $8.27. Respective R/R's are 2.0 and 3.2.

8/19/2014: The bull flag I saw was indeed a bull flag as this sucker popped 7% today. I started noticing that it wasn't going my way on the 18th as volume and stochastics were becoming more positive for a pop. Don't fight the pattern is the lesson?