Play: Bear flag
Not a great pattern, overall intraday was in an uptrend but was under VWAP and seemed that it couldn't get above VWAP so thought it might lose support. After a stuff at 14, i took it short but was a chase. Had originally my stop at 14 and she it seemed to go, i got out but both my entry and long were on a wick. Bad trading, should respect my stop.
Reasons to sell: looked like a squeeze
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-08-11 13:34:28 | NVAX | sell | $13.820 | short |
2015-08-11 13:41:12 | NVAX | buy | $13.950 | 0 |
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