May have gotten in too late.
I tried to short this near the open when it pulled back to the 200ma and dropped off a cliff, but was too late as I entered a limit order and the price kept dropping.
Decided not to chase it and watched as it plummeted.
A flattish bottom formed for four candles with the last one dropping down off the 9ema before I shorted it.
Had to wait a long time for this to become profitable and then a spike down gave me hope for a good winner, but then it came straight back up and stopped me out.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-04-14 11:20:04 | NOAH | sell | $27.810 | short |
2015-04-14 11:20:04 | NOAH | sell | $27.820 | short |
2015-04-14 12:34:05 | NOAH | buy | $28.050 | 0 |
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