SUNE Trade on Nov 18, 2014 13:34 from jmos_BOWS: Tradervue User Stock Trades.

Play: Flag break down

Stock tried to break out twice, while failing both times making it a double top so anticipated the 20ema crack for a flush. After it cracked, thought it might keep going but didn't and just bounced back to make new HOD. It couldn't flush as it kept getting bought up.

Reason to sell: Flush past 20ema, buy price

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-11-18 13:34:36	SUNE	sell	$20.970	short
2014-11-18 13:37:48	SUNE	buy	$20.830	short
2014-11-18 13:44:41	SUNE	buy	$20.970	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=SUNE&trade=1568209&end=20141218&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=SUNE&trade=1568209&end=20141118160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=SUNE&trade=1568209&end=20141118141141&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Markmandy54

2014-11-18 16:35:26

Textbook Day long consolidation as well as flat top breakout.

This was the stock to be in today. I traded it premarket for some nice coin but damn, didn't get full position and didn't scale out. Great lesson today in this bad boy.

jmos_BOWS

2014-11-22 09:43:44

I agree, but at the moment, it had failed to break out of the triple tap, then made a lower high on the 1mn so i thought it was toast as it had too much resistance so that is why i went short.It's a hard stock to trade, I always struggle in this one.

SUNE Trade on Nov 18, 2014 13:34 from jmos_BOWS: Tradervue User Stock Trades.

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