Stock was extended but I was looking to anticipate a pullback for another thrust up. I entered the position long with a stop at 7.90. It moved up after my entry but quickly dropped down. Once it got closer to my stop I exited the position.
This stock showed no real signs of momentum after the initial thrust up during the open. Resistance was obviously strong by looking at the wicks in each candle. Shouldn't have longed this stock.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-01-02 09:40:30 | BCLI | buy | $8.070 | long |
2015-01-02 09:42:22 | BCLI | sell | $7.920 | 0 |
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this is not a stock that u can try to orb look at the monster move it had arlaedy been moving up for a week already so its no good to try to long ths have to short it.