Play: Flag/Triple tap
Stock had some news, held the dip out of the gate and squeezed right into resistance. I couldn't chase it so waited for a pb. The volume was pretty dead while basing out so I wasn't confident it would break 3 which was big resistance on the daily. It just kept going so i let it go and waited for another set up. When it ran to 3.5 and pb and made higher lows, I thought it had one last push in it but it was already extended and had the 50 and 200 sma on the daily. I took it as a lot of volume came in for a scalp off the 1mn chart. It could have ran but wasn't confident bc of the resistance on the daily and the semi-round # stuff which is exactly what happened.
Reasons to sell: scalp, extended intra, resistance daily, traded plan
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-04-27 11:43:00 | CANF | buy | $3.470 | long |
2015-04-27 11:43:19 | CANF | sell | $3.530 | 0 |
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