Created a nice long consolidation throughout the day and momentum since the initial fall was to the upside. I bought on the $28.5 support with ascending trend line supporting the area. It didnt hold and we failed to see EOD squeeze. Could have shorted at that point but the stock was really stuck after such a big move in both directions. The next couple days it slowly made its pullback.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-02-17 15:00:08 | VDSI | buy | $28.610 | long |
2015-02-17 15:05:28 | VDSI | sell | $28.470 | 0 |
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Stock in a downtrend. There is no tight "long consolidation" here. Just stuck in day long range.