Interest looked to fade. MA's on top. I had a tight stop above and went short.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-11-20 13:31:26 | MAGS | sell | $5.531 | short |
2014-11-20 13:53:41 | MAGS | buy | $5.400 | 0 |
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Not bad but ideally you would've shorted it at $5.80. What you did probably was not enough consolidation to be considered a flag