Play: Bear flag
Missed the first flush, waited for it to consolidated. 2.6 was clear support, got in once it broke. It kept grinding in my direction and when it stalled at 2.53, I thought it would either break down or bounce so I put my stop at buy price. It was also a bit extended at that point.
Traded it according to plan.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-09-05 10:36:56 | PRAN | sell | $2.580 | short |
2014-09-05 10:59:02 | PRAN | buy | $2.570 | 0 |
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Nice entry on this one too. Great swing.