Saw this intraday chart as a few other stocks like AMBA were ORB'ing, and entered quickly on this mini intraday flag. Shortly after looking at the daily I saw a moving average right above the price level and knew the flag wouldn't breakout in this down-trending market. Got out almost flat.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-06-28 09:51:20 | FCX | buy | $10.890 | long |
2016-06-28 09:55:18 | FCX | sell | $10.860 | 0 |
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