Play: BEAR FLAG
Stock gapped up and was strong but no real news except for coming news and an upgrade.It ran right into the 200sma and all those low floaters have not been able to close above the 200sma so when it made lower highs and cracked, panic selling happened which I missed. These big candles usually have some quick follow through as buyers panic and sell if it can't bounce. It tried to bounce off semi-round # but couldn't hold. Got in for the scalp as planned. I feel dirty scalping everything but not much has been working for me lately.
Reasons to sell: scalp in the flush
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-09-23 10:47:34 | CNAT | sell | $5.500 | short |
2015-09-23 10:47:44 | CNAT | buy | $5.460 | 0 |
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