KBH Trade on Jan 12, 2017 10:32 from Emilie_BOWS: Tradervue User Stock Trades.

Daily: gap down, breaking (minor) support line on earnings
Intraday: bear flag

The morning price action looked bearish and price already crossed the 50 SMA so I thought it could go to $15 (price support and daily 200 SMA). My mistake was to enter too early when the consolidation range hadn't been tightening yet.

The stock reversed strongly. There was a nice setup for long when the stock was flagging right above VWAP.

Execution detail:

Date/time	Symbol	Side	Price	Position
2017-01-12 10:32:55	KBH	sell	$15.600	short
2017-01-12 11:11:43	KBH	buy	$15.700	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=KBH&trade=5250730&end=20170211&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=KBH&trade=5250730&end=20170112132643&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=KBH&trade=5250730&end=20170112160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=KBH&trade=5250730&end=20170112160000&i=m10&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

KBH Trade on Jan 12, 2017 10:32 from Emilie_BOWS: Tradervue User Stock Trades.

Leave a comment about this trade!

Editor syntax