Shared by
JamesDover_BOWS
Stock made a nice 2nd day run at the open. I entered on the flag when I saw the tightening range and a way to measure my risk. This thing was hot, but hit resistance on the daily at around the $10 level. That's a really strong level I was hoping would hold.
One tiny giveaway the flag wasn't to be trusted was the top wicks of the previous candles. People were taking significant profits at that level.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-08-04 10:25:38 | OPTT | buy | $10.100 | long |
| 2016-08-04 10:45:40 | OPTT | sell | $9.788 | 0 |
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