Shared by
firesky_BOWS
SHORT SWING POSITION: Bear flag on the daily. Although stock is in a semi-uptrend, there's slightly more selling volume lately than buying. Also triple resistance by the 20/100/200 SMAs just above. To top it off, this stock is in the bearish looking real estate sector. Placing stop at $21.79 with targets of $21.25, $21.11, and $20.37. Corresponding R/Rs are 1.2, 1.7, and 4.7 respectively.
3/2/2015: Hit first 2 targets, took profits.
3/11/2015: Hit stop.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-03-02 09:33:00 | PMT | sell | $21.540 | short |
| 2015-03-02 09:47:00 | PMT | buy | $21.250 | short |
| 2015-03-02 13:23:00 | PMT | buy | $21.110 | short |
| 2015-03-11 09:41:00 | PMT | buy | $20.700 | 0 |
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