GIGA Trade on May 19, 2015 13:46 from jmos_BOWS: Tradervue User Stock Trades.

PLAY: Short squeeze flag

Market started to go, stock had been basing out, sellers stopped showing up, squeezed to VWAP then started going. Squeezed to VWAP and waited to see if it would hold or breakdown. When it held, I got in thinking it would squeeze a bit and with market running, it could have the juice but couldn't break 2.91 on the tape so sold.VWAP was a key area where shorts are waiting to add to their position so when it couldn't break, I sold as per rules. It spiked but it couldn't lift the price with volume after a couple tries on the tape so had to sell according to rules. VWAP was resistance so thought it wouldn't be able to lift the price, it could flush.

Reasons to sell: couldn't lift price even with volume so followed my rule

Execution detail:

Date/time	Symbol	Side	Price	Position
2015-05-19 13:46:16	GIGA	buy	$2.900	long
2015-05-19 13:47:33	GIGA	sell	$2.910	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=GIGA&trade=2553495&end=20150618&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=GIGA&trade=2553495&end=20150519160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=GIGA&trade=2553495&end=20150519141733&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

GIGA Trade on May 19, 2015 13:46 from jmos_BOWS: Tradervue User Stock Trades.

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