Shared by
jmos_BOWS
PLAY: Flag breakdown
Stock was overextended, up on nothing, when it couldn't break above 5.7 on the triple tap and kept being met with heavy resistance, I wanted to see a break of the semi round # which was also support and had tapped a couple times already. When it got there, I got in in case it flushed which it did, covered along the way. I wanted to add on the break of 5.23 but didn't get filled, so just kept scaling out. Last shares, stopped out as it was bouncing and covered once again at the top of that bounce.
Reasons to sell: flush, extended, bounce
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-03-31 11:44:10 | GENE | sell | $5.510 | short |
| 2015-03-31 11:49:05 | GENE | buy | $5.440 | short |
| 2015-03-31 11:50:14 | GENE | buy | $5.380 | short |
| 2015-03-31 11:59:53 | GENE | buy | $5.320 | short |
| 2015-03-31 12:23:39 | GENE | buy | $5.230 | short |
| 2015-03-31 14:04:35 | GENE | buy | $5.160 | short |
| 2015-03-31 14:34:24 | GENE | buy | $5.060 | short |
| 2015-03-31 15:38:28 | GENE | buy | $5.290 | 0 |
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