Play: Bear Flag
Stock stuffed so that was a given that it was short. I let it come back to bottom, bounce into VWAP to and fail to confirm the weakness. When it made lower highs, got in short wanting follow through. It cracked and remounted with strength so had to get out. Good discipline as it bounced back to VWAP. Even thought it is a bit of a chase, it was the triple tap break down, it had volume so expected to see some type of follow through.
Reasons to sell: crack and remount important level
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-10-12 10:01:38 | CANF | sell | $4.800 | short |
2015-10-12 10:02:31 | CANF | buy | $4.850 | 0 |
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