I have been watching this bull flag on the daily and decided to try and enter close to the bottom of the daily. Missed the first rip up to my target of 16.52 as I was driving to work. As soon as I got in I watched for the next move back up towards 16.54 and sold off into first sign of resistance. First target was top of the bull flag second target is $18 if this flag eventually breaks out. will continue to watch for future plays this week
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-07-08 10:07:00 | RMTI | buy | $16.080 | long |
2015-07-08 11:25:00 | RMTI | sell | $16.390 | 0 |
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lvoe this idea.. getting it low and bottom of pattern very smart