Rubberband short setup:
Overbought - Stochastics at 96 on Daily chart
Running into 200sma on the Daily chart
I missed the first entry so for next entry I was looking for a break of support ($29.73)from Friday. I covered into the flush and had to stop for the day.
Another great entry on flag break at $29.38.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-04-27 10:00:15 | MAT | sell | $29.710 | short |
2015-04-27 10:30:15 | MAT | buy | $29.530 | 0 |
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