Bull flag on the daily. Closed at 9.25 on June 10th but is gapping up to 9.41 pre market on 6/11/2015. Lots of upward momentum on the daily since Feb 27th. Stock flagged and moved towards $10 at the open. Took a possition and put my stop just under the top of the first breakout candle. Anticipating a quick burst if it breaks over $10. I tried to buy in when the EMA came up under a little fla on th 2 minute chart but stopped out. Was looking at a 7 cent stop at 9.88 with a $10.20 target for a 4 to 1 RR. $100 potential profit. Stock eventually maxed out around 10.24 for the day but not before taking a huge dip to 9.57.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-06-11 10:09:00 | NPTN | buy | $9.950 | long |
2015-06-11 10:13:00 | NPTN | sell | $9.880 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!