FIVE Trade on Jan 9, 2017 09:59 from Reggie1634_BOWS: Tradervue User Stock Trades.

2017-01-09 22:45:21
So here, on the daily, I had noticed that this stock as of 8 days ago had cracked below all three of the 20 / 50 / 200 day sma's. It had spent the last 7 days green and climbing it's way back up to test the 200 sma which was the top of the the 3 resistance points now, and from there, on Friday it failed to brake that area, and actually come back down to close right on the 50 sma, which at that point was the lowest of the resistance area's. So Now here this morning I see that this stock has gaped down below all of the moving averages again and to me appears to be a clean chart, with room to continue moving downward. Not Falling, which would have been great, but it appeared to have open room to MOVE downward. the Float is low, so I felt that it would not really need a lot of volume to have it make such a move, and the stochastic s were up but pointed downward, the flag that I drew out was had the stock below the VWAP, and the 9 ema was crossing though the VWAP headed directly down on top of the stock, I thought, minus my not so great entry, that I had found a good trade. so I set my stop above the VWAP, and well at this point, my Log's are getting to be consistent alright, that's right, I was stopped out. GRRRRRRRRR