Grade=C
The setup: bear flag
The result: This was my 2nd attempt at a bear flag on this stock. This time it worked. I shorted after it looked to be holding under 130. I had my stop loose enough to contain the trade and only shorted 50 shares to keep the risk lowish. I captured the flush and held out for 26 to cover the last piece, but got stopped out on a spike where I had trailed the stop to.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-07-14 10:53:21 | ANAC | sell | $129.590 | short |
2015-07-14 10:56:51 | ANAC | buy | $129.000 | short |
2015-07-14 10:59:25 | ANAC | buy | $127.500 | short |
2015-07-14 11:04:23 | ANAC | buy | $127.340 | 0 |
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Hey how did you get the ma's on the chart? Thanks