LONG SWING TRADE: Ascending triangle formation with multiple taps. Both my long-term and short-term stochastics indicate oversold conditions. Volume is inconclusive. Entry on lower end. Stop is placed at $22.40, with targets at $23.34 (200day SMA), $23.51, $23.95, and $25.19. Corresponding R/Rs are 1.0, 1.4, 2.3, and 4.9 respectively.
10/7/2014: Ascending triangles seem to not like me, enough to where I think I'll be dropping those for the most part unless there's confirmation and other factors to go along with it. Crashed through the stop. All out.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-10-06 10:16:00 | AEL | buy | $22.870 | long |
2014-10-07 09:34:00 | AEL | sell | $22.400 | 0 |
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