LONG SWING TRADE: Good looking bull flag on the daily. Wanted to enter into the trade before the breakout hence the poor mid-flag entry position. My stop is at $14.29 and my targets are $14.85, $15.73, and $17.00 although I'll probably take profits along the way. I also plan on adding to my position tomorrow morning if the price remains at this close level as it's now on the bottom end of the flag. Entry will be at $14.36 or better.
9/10/2014: I decided to hold off on my second entry to see where this thing settled today. It ended up settling below my stop so I'm all out. I still like the flag though.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-09-09 09:33:00 | JMBA | buy | $14.600 | long |
2014-09-10 09:40:00 | JMBA | sell | $14.290 | 0 |
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