I honestly thought this was going to be one of those turd stocks that has a great breakout but breaks down the next day. 2nd day Continuation plays have been much less consistent lately. I anticipated the orb breakdown, but it didn't happen
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-12-08 09:57:03 | FRAN | sell | $14.808 | short |
2014-12-08 10:03:36 | FRAN | buy | $14.870 | short |
2014-12-08 10:09:20 | FRAN | buy | $14.970 | 0 |
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Price support on 15min chart and vwap was also right below. Tricky spot to short at.