IPO on friday, put in a little base formation on the 5 minute. I liked the volume pop on the candle a couple before entry, and I liked the tightening range. I thought it was trying to hold 16, and maybe would get a quick rebound to the 16.50 area. I set my stop below the wicks on the previous couple of candles. Didn't go.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-10-03 10:58:43 | DERM | buy | $16.000 | long |
2014-10-03 10:58:43 | DERM | buy | $16.000 | long |
2014-10-03 11:01:39 | DERM | sell | $15.780 | long |
2014-10-03 11:01:40 | DERM | sell | $15.800 | 0 |
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