Play: Parabolic/stuff move for flag bd
Stock was parabolic on the daily, so it was hard to long even though it had a great bull flag but didn't want to chase it. It then consolidated between 11 and 10.5. When it tried to break 11 on big volume and couldn't, i shorted immediately with small size, thinking it was going to crack and panic selling was going to happen. It didn't panic how I thought it would for a wide spread stock which got me thinking that there might be another squeeze in so i took the scalp. It did squeeze one more time. I was early and this happened before and since it can break HOD with strength and never know where the top is in, i preferred to take the scalp. The move i was looking for happened a few minutes after, that was the candle i was looking for.
Reasons to sell:no panic, took the scalp
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-09-22 10:08:16 | VBLT | sell | $10.860 | short |
2015-09-22 10:08:26 | VBLT | buy | $10.740 | 0 |
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