Found on pre-market movers list; had over 3% movement, strong relative volume, was breaking a level, low float. First target is $3.95. At open, it ramped up, so waited for pattern to form. Bought when I thought it broke a flag at $3.40, but it dropped below resistance again; it's still consolidating, so I will hold, with a stop under the VWAP, which is just underneath. It broke, so I sold half into spike and moved stop to buy price. 9SMA is following price underneath, so I am going to move my stop up to stay $0.05 under it. I stopped out shortly afterward. It kept consolidating, so I think I should have actually stayed under the top of the flag that broke, which became support.
Here is where I drew my flag:
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-02-09 09:38:13 | QTWW | buy | $3.350 | long |
2015-02-09 09:45:10 | QTWW | sell | $3.570 | long |
2015-02-09 09:53:39 | QTWW | sell | $3.410 | 0 |
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