SHORT SWING POSITION: Bear flag on the daily about to encounter 50day, 100day and 200 day as resistance. Long-term trend is down and stochastics are overbought. I've placed my stop at $14.60 right above resistance, with targets at $13.92 and $13.13. Corresponding R/Rs are 1.0 and 3.3 respectively.
3/26/2015: Hit first target, took profit. Moved stop to entry.
3/27/2015: Hit stop, all out.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-03-23 11:16:00 | PIR | sell | $14.260 | short |
2015-03-26 09:31:00 | PIR | buy | $13.920 | short |
2015-03-30 09:31:00 | PIR | buy | $14.260 | 0 |
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