Shared by
tee
Day Chart: potential flag break
Buy: it broke a triangle pattern that held the MAs, working towards 3rd test of day high. bought as close to 9ema as I could
Order:
9ma (rising)
Price VWAP
20ma (rising)
stochatics - positive momentum
Sell: it broke $4 and couldnt hold above, sold once it got weak.
Lesson: a better entry was earlier in the day when 3.40 was holding and MAs were turning up. Once it held the MAs, I could have entered $0.14 lower, giving me a tighter stop and higher share count.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-05-07 11:13:00 | ICLD | buy | $3.590 | long |
| 2015-05-07 11:45:00 | ICLD | sell | $3.990 | 0 |
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