Saw this breakout on the daily. It had dumped early in the morning but had recovered and broke over the 9 ema and flagged right on top so I thought it was worth a shot at a long. Got stopped out right away but ran for a bit after.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-03-03 10:17:23 | JD | buy | $29.200 | long |
2015-03-03 10:19:25 | JD | sell | $28.900 | 0 |
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If you look at the intraday chart, this was really just a big bear flag. You pretty much bought near the top of the pullback on the breakdown. Risky trade.