Shared by
firesky_BOWS
LONG SWING POSITION: Bull flag formation. Entry near trend support, looking to break top of $50.54. Targets are $51.03 and $52.95. Corresponding R/Rs are 1.7 and 5.5 respectively.
11/14/2014: Took some profit.
11/18/2014: First target hit, profit taken. Stop moved to entry price.
11/25/2014: Second target hit. Sold for profit. Price then started forming another flag on the 5 minute chart but not sure if it was too extended already to keep going up. On the retest of the day's high I sold remaining position.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-11-11 10:25:00 | ADI | buy | $50.160 | long |
| 2014-11-14 12:40:00 | ADI | sell | $50.660 | long |
| 2014-11-18 14:20:00 | ADI | sell | $51.030 | long |
| 2014-11-26 09:31:00 | ADI | sell | $52.950 | long |
| 2014-11-26 11:23:00 | ADI | sell | $54.040 | 0 |
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