123 on the daily chart, although that wasn't the reason for the trade.
Opened about flat but then dropped to 8.14 low for two candles.
Another small drop and a pullback to 9ema forming a three candle flag.
Shorted there and covered most on a retest of the days lows half an hour later.
Moved the stop down on the rest which was taken out almost to the penny.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-03-19 10:05:00 | CRMD | sell | $8.120 | short |
2015-03-19 10:35:00 | CRMD | buy | $7.800 | short |
2015-03-19 10:40:00 | CRMD | buy | $8.030 | 0 |
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