Play: Bull flag
Stock opened strong on some news, didn't take the 2.15 entry because it was a chase and I thought it needed one or two more candles on the 1mn chart but was wrong, that's ok. Let it form its range then pb and form a base. It did and seemed to hold the 2.36 level but there was a big seller at 2.5 but the longer it held, the more shorts were in trouble. When volume came in and seemed ready to go, I got in but couldn't break the 2.5 level. I got out as the volume on the sell was bigger than the buy and it failed to break out.
Reasons to sell: Failed break out of range, big seller
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-04-14 11:05:45 | BLFS | buy | $2.470 | long |
2015-04-14 11:09:13 | BLFS | sell | $2.410 | 0 |
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