Was looking for a continuation move from the gap down, but formed a 123 bottom pattern and I went long as price broke a flat top/flag
Only a quarter position as it is going against the daily trend of the market and of the gap.
I was going to take a full position but I pulled the order as soon as a quarter fill appeared, fearing going against the trend too much.
Oh how I wish I had taken a full position.
Sold half after a pop at 17.7
Stop moved up on rest.
Bought another half position on a pullback to the 20ma.
I hesitated for a while, so I could have got a better price, but it turned into a good move.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-04-28 10:30:32 | TCS | buy | $17.250 | long |
2015-04-28 10:41:56 | TCS | sell | $17.700 | long |
2015-04-28 11:41:02 | TCS | buy | $17.660 | long |
2015-04-28 11:53:05 | TCS | sell | $18.290 | long |
2015-04-28 12:44:48 | TCS | sell | $17.810 | long |
2015-04-28 12:44:48 | TCS | sell | $17.810 | 0 |
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