Morning dip got bought on extremely heavy volume. I thought this was the beginning of a flag breakout on the daily but it didn't hold. Got stuck in a box then finally broke down in the afternoon.
2000 shares
-213.34 (-0.70%)
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-07-08 10:04:06 | INVN | buy | $15.750 | long |
2013-07-08 10:04:07 | INVN | buy | $15.760 | long |
2013-07-08 10:04:08 | INVN | buy | $15.770 | long |
2013-07-08 10:04:08 | INVN | buy | $15.770 | long |
2013-07-08 10:04:08 | INVN | buy | $15.770 | long |
2013-07-08 10:04:08 | INVN | buy | $15.760 | long |
2013-07-08 10:04:09 | INVN | buy | $15.750 | long |
2013-07-08 10:04:09 | INVN | buy | $15.770 | long |
2013-07-08 13:17:23 | INVN | sell | $15.650 | long |
2013-07-08 13:17:23 | INVN | sell | $15.650 | long |
2013-07-08 13:17:23 | INVN | sell | $15.650 | long |
2013-07-08 13:17:23 | INVN | sell | $15.650 | long |
2013-07-08 13:17:23 | INVN | sell | $15.650 | 0 |
no setup. no base. big candle.
often times a dip buy is easy when the stock has alreayd broken out on the daily but if u do a dip buy intraday then it just pops right back into resistance on the daily on the pop and fades back ur boxed in so if ur entry is to high u get smacked.
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that gap up and dump down to previous EOD low/support = my kind of play for a quick bounce scalp! love those plays. then again, Daily is p. extended so I dunno...