Shared by
firesky_BOWS
LONG SWING POSITION: Characteristics of a bear flag but it looked to be on firm uptrend support so I went long. Plus selling volume looked good, stochastics were on the oversold side, and the stock has a history of falling to support, and quickly moving up. I placed my stop at $97.84, with targets at $100.66, $101.75, $103.12, $105.00 and $111.15. Corresponding R/Rs are 1.0, 1.8, 2.7, 4.1 and 8.4 respectively. Stop quickly went against me and trend support broke down. All out for a loss.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-04-15 09:35:00 | ASML | buy | $99.250 | long |
| 2015-04-15 10:07:00 | ASML | sell | $97.840 | 0 |
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