3rd trade in EXAS today out of 4.
I found EXAS on benzinga.com pre-market losers. It was downgraded and gapped down. I shorted every bear flag/pullback.
Entry: I entered the bear flag with stop at $10.80 (above the bear flag price resistance). My target was at $10.40 (LOD was $10.33). 2R target was $10.20.
Exit: I covered quite soon, because it was already the 3rd bear flag and I was thinking it wouldn't break down. I just because fearful and wanted to protect my profits. The price was actually catching up with 9EMA and broke down to $9.90 (past 3R target) in the next 3 candles.
I made 0.3R on it.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-10-06 10:55:34 | EXAS | sell | $10.600 | short |
2015-10-06 11:00:33 | EXAS | buy | $10.540 | short |
2015-10-06 11:07:09 | EXAS | buy | $10.550 | 0 |
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