Flat Top Breakout - Was waiting to see if it could break above the $12.60 area for a nice run but exited when it failed to run.
Areas of Confluence:
- Four taps to $12.60
- Coiled under $12.60
- Respected the 9EMA and VWAP
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-12-17 14:18:43 | LNCO | buy | $12.500 | long |
2014-12-17 14:21:22 | LNCO | sell | $12.420 | 0 |
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Not a bad thought process behind this although it was already pretty far to the upside when you got in and probably needed a rest.