I was playing this stock for a long bear flag. Once I entered a short the stock just consolidated the whole time. I had to cover my position since I had to shut down my computer. If I would've looked at the daily then I would've seen that the stock already hit bottom for the day and was only grinding upwards.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-11-17 15:16:58 | QIHU | sell | $71.570 | short |
2014-11-17 15:40:09 | QIHU | buy | $71.770 | 0 |
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50ma on daily chart is right below which will make it tough to short. Until it break that level I wouldn't look for short.