Shared by
praveen_BOWS
Another oversold energy stock on the daily and I was initially watching for a bounce on the 5 min.The stock ran up and hit resistance around the 10.8 area on the 5 min.When it made a lower high and the mas started to curl on top of it,I went the other way and shorted it with a 8c stop loss instead and a reward of 40c.
Ended up covering a little early but got a nice scalp out of it.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-02-12 13:16:24 | SM | sell | $10.420 | short |
| 2016-02-12 13:22:57 | SM | buy | $10.310 | short |
| 2016-02-12 13:34:19 | SM | buy | $10.200 | 0 |
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