Play: Triple tapper
Had news, opened strong and kept hovering around HOD, tapping the 12.75 area. Got in around 2pm when volume was coming in. It stalled and just couldn't break out. Had a tight stop as this trade was based on timing and having it rip fairly fast. When it broke down past 9ema, I got out.
Reasons to sell: stop-loss, 9ema break,
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-11-10 14:07:20 | ACHN | buy | $12.700 | long |
2014-11-10 14:18:05 | ACHN | sell | $12.580 | 0 |
I saw what you saw but bc it was just grinding i to the breakout and had 3-4 green candles before it goes, i wasnt sure how much power it had left so i passed
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This stock can really trade like sh*t sometimes..but the trend to the upside was still intact making higher lows..http://screencast.com/t/1fhGhL6pY