Play: Bear flag
Stock was weak, then bounced into VWAP. Entry should have been closer to 21 but it was holding VWAP. When it cracked, got in for some type of flush but never was able to follow through. Got out flat as it was lunch time so didn't want to be stuck in it.
Reasons to sell: no follow through
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-01-26 12:35:31 | RLYP | sell | $20.750 | short |
2016-01-26 12:57:19 | RLYP | buy | $20.750 | 0 |
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