Shared by
JonathanAnderson0
Intraday Fundamentals - MU down due to bad earnings
Technicals - the daily looked great breaking under the lows. Love these type of set-ups, to take it short during the afternoon trading session. It popped a little, forming a lower high on the 5-minute, shorted at 26.90 with a stop at 27 whole number, added under the break of the bull flag. Made about 23 cents on the trade, wasn't flushing hard enough for me to like to stay in the trade longer. Liked the risk-reward of this type of setup.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-03-25 12:38:07 | MU | sell | $26.900 | short |
| 2015-03-25 12:46:31 | MU | sell | $26.760 | short |
| 2015-03-25 14:11:03 | MU | buy | $26.580 | short |
| 2015-03-25 14:21:50 | MU | buy | $26.620 | 0 |
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