SHORT SWING POSITION: Bear flag set-up. Very oversold with stochastics at 6.2 but the MACD and volume look good. Plus 20day SMA is on approach. Stop is placed at $5.32, with targets at $5.07 (previous price support), $4.70 (previous price support), and $4.60 (previous price support). R/Rs are 0.6, 2.9, and 3.5 respectively.
8/26/2014: Stopped out. Shouldn't of changed my original plan. Otherwise I would of lost half this amount. Flag pattern still possibly there but I've got a sour taste in my mouth from this stock now.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-08-25 09:30:00 | SD | sell | $5.170 | short |
2014-08-26 10:00:00 | SD | buy | $5.320 | 0 |
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