LONG SWING POSITION: Bull flag formation. 30min chart really shows it well. 20day SMA is starting to curl up and the stochastics are only at 68. Bought in near the bottom of the flag and placed a stop at $19.14, just under the 20day SMA. First target is at $19.73 (just under a flag high), second target is at $19.90 (just under overall flag high & 50day), and third target is at $21.35 (previous price resistance). R/Rs are 1.8, 2.6, and 9.5 respectively.
8/29/2014: Flag broke down below the 20day and my stop. Out completely.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-08-25 13:05:00 | DAR | buy | $19.350 | long |
2014-08-29 09:32:00 | DAR | sell | $19.140 | 0 |
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