There was no real setup that indicated that the stock was going to reach previous highs. I bought it after it broke some key resistance areas. I didn't look at the volume and notice that it was very low which means it didn't have enough buyers to rise higher. Also the stock was gradually forming a flag had I noticed with more patience. As I started noticing the resistance and consolidation I exited the stock.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-09-19 11:09:43 | RWLK | buy | $29.820 | long |
2014-09-19 11:15:21 | RWLK | sell | $29.560 | 0 |
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