Shorted on the flag breakdown after series of lower highs after the stock made a run and hit the 20SMA resistance on the daily but no go, got stopped out on the bounce since I lowered my stop loss a bit.
NOTE:
It did not have that rounded look and was mainly stuck in the range consolidating all day long.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-10-16 14:00:02 | CHK | sell | $20.680 | short |
2014-10-16 14:04:46 | CHK | buy | $20.840 | 0 |
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