Shared by
Driver42_BOWS
Bull flagging on the daily chart.
Decided to short this one as it was having trouble holding up on the day.
Bearflagged off the 20ma and 9ema on 5min chart and the 9ema on the 15min chart.
Waited for a while before I had an opportunity to take some profit.
I was setting a target for 22 which was the previous low of the day, but just as I was about to enter the order the price dropped down through that to 21.91.
I managed to exit some there and moved the stop to 22.2 which is one cent over the 50ma and the 15min 20ma
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-04-20 12:36:04 | CMCM | sell | $22.150 | short |
| 2015-04-20 14:20:15 | CMCM | buy | $21.910 | short |
| 2015-04-20 15:48:26 | CMCM | buy | $22.040 | 0 |
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