Flag in the area of the 2 previous day's high, Bouncing off uptrending 20 ema, 9ema starting to turn back up.
tried to enter at 7.23, which i moved up to 7.25 where I was filled
Stop 7.14 Target 7.49
Tried to exit earlier at 3:24-25 @ 7:18 but didn't get filled.
I did not see the 20 dma overhead at 7.28, altho not sure if it would've made a difference.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-12-22 14:51:57 | CRK | buy | $7.250 | long |
2014-12-22 14:51:57 | CRK | buy | $7.250 | long |
2014-12-22 15:25:37 | CRK | sell | $7.150 | long |
2014-12-22 15:25:37 | CRK | sell | $7.150 | 0 |
Idea was good at the b/o level but no volume to push through.
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The flag was not very defined more of a bounce and thus a stall at 7.3 then falling. Probably entered too early as the flag formed later and collapsed.