Bounce play off the 20sma. Not a bad trade but I could have timed it better. I used only the 20sma and the daily breakout spot of $14.85 as reference points where I should have used the trendline from the previous day. A buy closer to $14.75 would have been ideal as this would have put the stock on trendline support as well as the stronger 50sma. See chart:
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2012-08-23 09:56:05 | LNG | buy | $14.850 | long |
2012-08-23 11:08:53 | LNG | sell | $14.930 | 0 |
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