Conclusion: When a Bull Flag pulls-back to, or almost to the low of the previous pullback, the stock is showing weakness.
Conclusion: Ideally, a Bull Flag will only pullback 25% of the last pop.
The pullback in the Bull Flag was almost to the low of the previous pullback; this is not a good indicator for a Bull Flag.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-07-28 10:08:38 | KODK | buy | $11.550 | long |
2020-07-28 10:08:38 | KODK | buy | $11.550 | long |
2020-07-28 10:09:05 | KODK | sell | $11.200 | long |
2020-07-28 10:09:05 | KODK | sell | $11.200 | 0 |
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