Shared by
pstark89
Whats the Setup: Shares were overextended and overbought on 2 min stochastics. Seeing lower lows and broke below 9 ema on 2 min. Pushed higher one more time to 9 ema but couldn't sustain.
Where are EMA's: Below 9 ema and above 20 ema
Resistance: 29.5
Support: 28.30
EMA's-Direction & details: Turning down
Time Frame Alignment: Yes
Volume: Increasing
Market action: Lower
Stop: 29.50
Target: 28.30
R/R: 1:1
Are Stop/Target proper: Yes
Reasons for exits: Covered into the flush. Covered balance at target
Notes:
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-03-04 11:01:13 | CLDX | sell | $28.950 | short |
| 2015-03-04 11:06:15 | CLDX | sell | $29.130 | short |
| 2015-03-04 11:15:18 | CLDX | sell | $29.080 | short |
| 2015-03-04 11:20:44 | CLDX | sell | $28.990 | short |
| 2015-03-04 11:34:01 | CLDX | buy | $28.700 | short |
| 2015-03-04 11:45:17 | CLDX | buy | $28.620 | short |
| 2015-03-04 11:47:50 | CLDX | buy | $28.200 | 0 |
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