Thought this could squeeze back over the trendline I saw on the 1min chart. No go, looking back, this was a bounce back towards the MA/bear flag, the opposite of a bullish stock that pulls back towards the MA and keeps going higher. Also, the daily chart was extended so the probability of a long play working wasn't nearly as good as the short play.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-03-25 10:20:37 | ORMP | buy | $7.330 | long |
2015-03-25 10:27:45 | ORMP | sell | $7.200 | 0 |
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