Play: Flag breakdown
Stock was extended going into lunch, couldn't break out and broke its support of the flag. Was looking for a quick scalp towards 1.7 for a lunch time crack. Once again, it looked good as volume was coming in but a buyer kept coming in and just holding it up so took partial off to decrease risk. When it stalled and started skipping back up, I put my stop in case it wanted to run again..which it did. Front of the move, I am alway fast and careful. This one was tricky as it always seemed like it was going to break down only to have a buyer stepping in and holding it up.
Reasons to sell: flush, buy price
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-02-25 12:55:05 | CLRX | sell | $1.800 | short |
2015-02-25 12:59:06 | CLRX | buy | $1.760 | short |
2015-02-25 13:02:53 | CLRX | buy | $1.810 | 0 |
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