BSX was up today, because it received a FDA approval for its product. The first candle intrday was also green and I was looking for a buy opportunity. I guess I was too early.
Entry: I tried to catch a bounce. The price was under 9EMA and VWAP but I bought anyway. Stop was at $17.08 (under LOD, $0.06 from entry). 2R target was at $17.26 near VWAP. There was also buy volume coming in and I thought it would go. I was afraid it would be a bear flag though.
Exit: I decided I had probably bought too soon and since it didn't bounce, I got out for a 0.5R loss.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-10-05 11:02:39 | BSX | buy | $17.140 | long |
2015-10-05 11:09:42 | BSX | sell | $17.110 | 0 |
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