Day Chart: flag break, continued move up.
Buy: downtrend/flag broken. remounted 9 and VWAP, bought right at $4.44 where both intersected.
Sell: raised stop. although stock spiked to 4.55 (bought 4.44), pullback was supported at 4.44 and I just took what I could in case the stock reversed.
Lesson: If you look at daily, the day's high might be a short-term reversal area so all bounces might not be so strong. In looking back, this was true, had lower highs all day. Not the greatest day chart to enter.
Had I gotten a slightly more aggressive entry, I could have stayed longer and rode out what turned out to be a flag before one last push to 4.60 area (vs 4.48 stop out).
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-05-11 11:37:00 | ICLD | buy | $4.440 | long |
2015-05-11 11:49:00 | ICLD | sell | $4.480 | 0 |
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