PLAY: Bear flag
It kept making lower highs, stayed under VWAP, got rejected at 2.5 twice and couldn't hold it, it couldn't bounce so when it started going, i got in short for a LOD but there was no follow through on the volume so got out.
Reasons to sell: lack of follow through, thought there would be more panic as the bounce players would have to sell
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-08-05 12:40:09 | FNJN | sell | $2.290 | short |
2015-08-05 12:41:48 | FNJN | buy | $2.290 | 0 |
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