Shared by
jmos_BOWS
Play: Bull Flag
Stock faded all morning without a bounce which was weird with the amount of volume it did early on. It then based out. I was looking for a eod flush past 5.5 but it kept making higher lows and started squeezing a bit. When it ran close to VWAP/resistance, it started breaking down but I noticed a buyer since the 5.7 level kept soaking up all the selling which is why it wasn't breaking down cleanly and kept grinding down. When it held 6 and ema's, i got long for a squeeze to VWAP as the buyer kept stepping in. It didn't go right away but held 6 and then squeezed hard. Was able to scale out some, couldn't sell all in that spike as it was too fast. I was hoping it would keep squeezing for lotto shares but it didn't and started breaking down again so got stopped out.
Reasons to sell: VWAP, spike, buy price
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-05-14 15:11:36 | VBLT | buy | $6.130 | long |
| 2015-05-14 15:20:16 | VBLT | sell | $6.200 | long |
| 2015-05-14 15:20:55 | VBLT | sell | $6.430 | long |
| 2015-05-14 15:23:09 | VBLT | sell | $6.290 | long |
| 2015-05-14 15:32:25 | VBLT | sell | $6.380 | long |
| 2015-05-14 15:35:19 | VBLT | sell | $6.210 | 0 |
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