Shared by
firesky_BOWS
SHORT SWING POSITION: Looking for a rubberband snapback as the last daily candle was completely above the upper Bollinger, stochastics were oversold, and volume was decreasing. Plus the last daily candle was bearish. Stop placed at $8.42 just above the high of Tuesday, with targets at $8.25, $8.16, $8.00, and $7.75. Corresponding R/Rs are 1.4, 2.7, 5.0, and 8.6 respectively.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-12-19 09:30:00 | SRNE | sell | $8.350 | short |
| 2014-12-19 09:33:00 | SRNE | buy | $8.250 | short |
| 2014-12-19 09:34:00 | SRNE | buy | $8.160 | short |
| 2014-12-19 10:45:00 | SRNE | buy | $8.000 | short |
| 2014-12-19 12:48:00 | SRNE | buy | $8.350 | 0 |
Comments
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Like the idea. I've been watching this stock for a short all week. It holding up strong though.