Grade=D
P/L=-0.8R
Entry: bear flag
Result: Stopped out. I'm not too upset about this because the setup looks okay. The only thing was that the earnings news was strong and there were buyers stepping in to scoop up the dip. I could have been prepared for that and therefore I wouldn't have expected to get below 66 support with any kind of conviction. This is a momo type of stock once it gets going and asking for a gap fill might be asking for a lot.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-03-30 10:51:36 | LULU | sell | $66.280 | short |
2016-03-30 10:53:47 | LULU | buy | $66.554 | 0 |
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