2.3R
ENTRY: price was pulling back to 9EMA and also 20SMA was catching up. Stock price was at all time low, so I expected a breakdown.
Stop was above price resistance at $7.51.
2R target was $7.13.
LOD was $6.77 (5R target).
Target was LOD although I had little faith it would reach it.
EXIT: I covered some around my 2R target and the round number $7. I intended to hold the rest until it reached LOD, but it started bouncing. I held on figuring it would come to VWAP, reverse and then come back to the low. It did. I covered everything, because I was nervous. I figured it would break down and make it to LOD today though. It's also noon time. Then it headed towards LOD anyway and even broke LOD.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-11-06 11:16:06 | ICON | sell | $7.370 | short |
2015-11-06 11:48:14 | ICON | buy | $7.130 | short |
2015-11-06 11:54:40 | ICON | buy | $7.080 | short |
2015-11-06 12:17:47 | ICON | buy | $7.060 | short |
2015-11-06 12:18:19 | ICON | buy | $7.080 | 0 |
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