I thought a bull flag was setting up here and when I entered the trade I failed to realize the stock has 20 day ma resistance ($6.15)on the daily right at my entry. That resistance held and the stock fell off and I was stopped out.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-03-04 01:19:00 | GENE | buy | $6.140 | long |
2015-03-04 01:43:00 | GENE | sell | $5.950 | 0 |
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