Grade=C-
I was counting on this being the bottom of the pullback and it looked like it could have been suppported by the MAs. That didn't work out, so the hard stop did its job as it should.
I could have considered that it was very overextended at this point and the probability wasn't all that high. Shorts and profit-taking took over at the end of the day. That leads me to believe that the "smart money" had enough evidence to believe in the upside potential and that crowds would move in on this one early in the day.
One could have drawn a trend line from previous highs from February for a spectacular swing run, or the two highs from the last part of the previous day counted on the momo from the end of day continuing on. There's no sure thing, but that's how this one played out.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-03-23 11:01:14 | HLF | buy | $45.900 | long |
2015-03-23 11:06:55 | HLF | sell | $45.310 | 0 |
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