Was having a tough time getting above $46 at the time and energy was giving back some during lunch. The power was still in the sector though so I covered quickly. Should have gone long.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-02-03 12:04:38 | SM | sell | $45.730 | short |
2015-02-03 12:07:14 | SM | buy | $45.450 | 0 |
And use the daily for price targets. once it gaped above 43.45 next daily resistance 48.97.
breaks out of the Flatop and runs to daily resistance
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Flatop breakout. Use a trend line along the price lows price never violates trend line nor the 20 ma on 5 min Watch the 20 ma comes and squeezes the price on 5 min and 9 MA on to 10 min chart. Trend usually continues