This stock had a big gap up yesterday with a lot of volume and I was looking for a continuation move. When I longed it, it looked like a flat top pattern forming with emas below price, but when it attempted to break out it was too extended. I ended up missing the real break out move that happened around 1:20pm which was nice and coiled.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-12-03 11:05:27 | CY | buy | $12.200 | long |
2014-12-03 11:05:27 | CY | buy | $12.200 | long |
2014-12-03 11:17:09 | CY | sell | $12.130 | long |
2014-12-03 11:17:12 | CY | sell | $12.130 | long |
2014-12-03 11:17:12 | CY | sell | $12.130 | long |
2014-12-03 11:17:12 | CY | sell | $12.130 | long |
2014-12-03 11:17:12 | CY | sell | $12.130 | 0 |
agreed. I noticed that after I was reviewing the trade and commented about it in the description.
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Notice how many green candles this stock was up as it was trying to breakout. To extended at that point, so have to wait for a pullback setup to occur.