Remounted VWAP to create a bull flag over $46 but it didn’t have the juice to sustain the move.
S/L was at 45.80 with a target of 46.50/60.
I re-entered PCl a few minutes later once it flushed out the initial buyers at $46 with a nice spike to 45.50. Took 50 share position and rode the momentum for a nice scalp.
Review Tape:
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-11-09 10:05:05 | PCL | buy | $46.010 | long |
2015-11-09 10:09:28 | PCL | buy | $46.010 | long |
2015-11-09 10:12:34 | PCL | sell | $46.000 | 0 |
2015-11-09 10:16:12 | PCL | buy | $46.050 | long |
2015-11-09 10:16:50 | PCL | sell | $46.280 | long |
2015-11-09 10:17:59 | PCL | sell | $46.360 | long |
2015-11-09 10:20:21 | PCL | sell | $46.360 | long |
2015-11-09 10:21:55 | PCL | sell | $46.470 | long |
2015-11-09 10:24:41 | PCL | sell | $46.430 | 0 |
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