Bought a first pullback here. The stock showed strenth when broke the 20 and 50 MAs at the morning gap up. So I decided to buy with a stop under days low. The target is days high. Will close half position at 13.50 and will left the rest for a ride if it goes. Risk/reward 1/5.
The only thing i hate in this stock is a low volume.
May be I am gone mad, but this stock has broken the days low level and i was stopped out there at the first time. And now the stock has fixed under the level of its previous support. So I think, that this level could be a new resistance now. I placed my stop at 12.92 level.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-12-02 10:44:34 | CAFD | buy | $12.920 | long |
2015-12-02 11:42:32 | CAFD | sell | $12.760 | 0 |
2015-12-02 13:06:33 | CAFD | sell | $12.780 | short |
2015-12-02 14:19:33 | CAFD | buy | $12.920 | 0 |
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Stock has been fading hard since open, This type is better short on any bounce, not long.