Play: Bull Flag
Previous two days, it has been going, then consolidating, sitting on support and squeezing. On the daily it was overextended so was short bias but when it held 5 and big volume on the sell side couldn't break that level, I gave it a shot as it did the exact same thing the previous two days and was forming the same patterns. Had a tight stop so if it were to crack, would have been small loser. Scaled into resistance, taking some off, went for the base hit and when it kept going, kept scaling out for bigger squeeze but only had small at this point.
Reasons to sell:resistance, HOD, extended, round # (200sma)
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-04-04 11:38:18 | SKYS | buy | $5.040 | long |
2016-04-04 11:42:11 | SKYS | sell | $5.170 | long |
2016-04-04 11:43:51 | SKYS | sell | $5.300 | long |
2016-04-04 11:44:20 | SKYS | sell | $5.340 | long |
2016-04-04 11:49:04 | SKYS | sell | $5.540 | long |
2016-04-04 11:51:25 | SKYS | sell | $5.820 | long |
2016-04-04 13:32:07 | SKYS | sell | $6.070 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!