Love this setup, recent low float runner, pulled back, consolidated two weeks at a key psych level, $4, retaining about a third its gains, broke out of some beautiful price compression and broke out of its recent high, which it then held perfectly on its pullback. Had one red rest day, supported by key psych level, $10 and I was watching for a 3rd day surge. Cup and handle type play at bluesky levels.
I had a perfect opportunity to buy the 3-day triangle break around a key level, $11, but I wasn't watching it. I saw it after the 3pm intraday triangle consolidation and bought that break. Realized I was in a bit later in the pattern than I like, so my entry was less than ideal, so I sold much quicker than usual. My target was $13, possibly $14, but I didn't even manage to hold on until $13. Was in 'nail and bail' mode today.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-12-23 15:22:00 | BFRI | buy | $12.300 | long |
2021-12-23 15:23:00 | BFRI | sell | $12.520 | long |
2021-12-23 15:23:00 | BFRI | sell | $12.450 | long |
2021-12-23 15:24:00 | BFRI | sell | $12.600 | long |
2021-12-23 15:24:00 | BFRI | sell | $12.475 | long |
2021-12-23 15:26:00 | BFRI | sell | $12.730 | long |
2021-12-23 15:26:00 | BFRI | sell | $12.730 | long |
2021-12-23 15:26:00 | BFRI | sell | $12.781 | long |
2021-12-23 15:26:00 | BFRI | sell | $12.700 | long |
2021-12-23 15:26:00 | BFRI | sell | $12.700 | long |
2021-12-23 15:26:00 | BFRI | sell | $12.700 | 0 |
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