Daily has a trendline resistance around the 35.35 area and support from the 50ma at 34.77
Price dropped at open and went through the 50ma before bouncing back and forming a 123 formation.
The 5min 50 provided the last resistance and when the price broke that I went long.
However the price then dropped back, although not far before becoming profitable.
Triple tap on a breakout gave me hope but it only broke by one cent before turning down and forming a resistance trendline, so I moved my stop up very close to my entry.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-04-27 13:16:14 | CMS | buy | $34.820 | long |
2015-04-27 15:25:53 | CMS | sell | $34.820 | 0 |
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