Play: BEAR FLAG
Stock was parabolic on the daily so was looking for short entry. It did look strong and kept grinding so wanted to see a HOD test and possibly a red to green test and see how it reacts. It did that, grinded, went red to green but failed at previous day high, didn't have any follow through, so got short with a tight stop. Could have gone bigger. It pb, thinking it was going to fail to hold green so was patient with first sell and market was weak. It held so got out flat. It squeezed some more.
Reasons to sell: held red to green
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-11-09 10:51:24 | CSTM | sell | $8.280 | short |
2015-11-09 10:53:23 | CSTM | buy | $8.280 | 0 |
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