Including yesterday's tap, I thought this was a flat top breakout.
Probably a terrible candidate, since it has a point and a half of potential bagholders above it from 2 days ago...
I did look in the setups section of the BC site, and there are examples of FlatTopBreakouts NOT at highs, but it just makes more sense that FTB's would be a better trade at highs, vs when there is overhead resistance
Stop hit at 6.89, first target 7.28
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-12-16 10:54:26 | CCXI | buy | $7.030 | long |
2014-12-16 11:00:49 | CCXI | buy | $7.020 | long |
2014-12-16 11:14:55 | CCXI | sell | $6.890 | 0 |
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