Looked like a bear flag candidate on the 30m chart.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-04-15 10:32:23 | NOAH | sell | $28.500 | short |
2015-04-15 11:42:22 | NOAH | buy | $28.600 | 0 |
even tho Sayed has a valid point how come when it dipped down a little you didn't scale out.. at around the 28.3 is level? maybe could have made it a flat trade or atleast saved you some losses
Why would you take a short when the stock was above the ma's on the 5min? That remount was a long man.
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Momentum name, already down so much intrday and overall market is in Bullish mode. Given that, no much probability ,short would work. Unless it was a news/earning play.