I shorted this bear flag right into support on the daily. The 50 DMA was really close by in the 28.30's, along with a few other levels directly underneath. I ended up shorting almost at LOD.
The bigger picture timeframe is where I should formulate my ideas and bias on a stock.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-08-04 10:09:01 | SM | sell | $28.900 | short |
2016-08-04 10:10:20 | SM | sell | $28.910 | short |
2016-08-04 10:19:03 | SM | buy | $29.150 | 0 |
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