Opened trade because:
- Was breaking a key resistance area intraday
- Bouncing off the 50 sma on the daily
- First morning dip got bought, stock proceeded to make higher lows, looked strong
Closed trade because:
- Taking quick profits in a choppy market
- Price ran up to my target, looked like a decent resistance area
- Lined up with R1 pivot
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2012-09-12 11:43:47 | OREX | buy | $5.440 | long |
2012-09-12 11:52:02 | OREX | sell | $5.510 | 0 |
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