down trending stock gapped down into support, making it's 4th tap on the area. Then it broke support. All on the daily chart. Entered into an intraday bear flag after I saw the 9 ema curling down on top of price after breaking below the vwap, price pulled back near the 9 ema, and a red candle was holding. Sold into the position within a minute before the next candle opened. Price continued to consolidate in this area. The 11 o'clock hour was approaching and the price wasn't making the moves that I had hoped for. Plus, I had already made a decent profit for the day. So, in an attempt to maintain my earnings, I exited at my entry price.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-12-12 10:39:00 | DEPO | sell | $18.220 | short |
2016-12-12 11:00:00 | DEPO | buy | $18.220 | 0 |
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