Play: Bull Flag
Stock has been on my radar for quite a few days with clear resistance at 4, high short float, nice volume on the daily so was thinking it could squeeze. The past few days, i has a big run up and a fade all day but today it made consecutive higher lows which show strength in the stock so i got in for the break of 4 and a squeeze. No go, it just didn't hold. I sold small to decrease risk as it was getting extended and then at buy price.
Reasons to sell: decrease risk, extended
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-06-10 11:19:05 | GEVO | buy | $3.960 | long |
2015-06-10 11:23:47 | GEVO | sell | $4.010 | long |
2015-06-10 11:30:23 | GEVO | sell | $3.980 | 0 |
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