Day chart: gap up, high volume
Buy: first attempt at anticipating a flag bounce off the 9ema failed. this time the 20ema was holding with stochastics in oversold territory this time. That was my case for longing here.
Sell: failed to hold, flush candle. stopped out.
Lesson: Look at the day chart, not very compelling stock to take a long position in even with this setup.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-05-12 11:27:00 | THLD | buy | $4.130 | long |
2015-05-12 11:29:00 | THLD | sell | $4.100 | 0 |
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