After initial flush it came back and tested the 9 EMA and VWAP. Took a short position thinking it was going to go back down. Ripped right back up and wicked over the 20 EMA.
Symbol: OREX
Time of trade: 10:19am
Size of Position: 200
Day trade
Price: 8.34
Market above/below 50 DMA: Yes
Setup: Dead cat bounce/bear flag
Long/Short: Short
Gain/Loss: -$.11/-$21.99
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-03-05 10:19:36 | OREX | sell | $8.340 | short |
2015-03-05 10:20:24 | OREX | buy | $8.450 | 0 |
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