Shared by
byerskellie5_BOWS
Look like an ideal candidate for Rubber-band snap back it was extended on the daily for 2 days, and the stock opened weak, I bought when it was starting to breakout. I was trying to play this talk at the very open of day, and my entry ended up being high on the candle I used. The stock did do as I thought for the Rubber-band, I should have waited for the stock to breakout as it did then saw then when it hit that resistance around 3.15 shorted the pullback.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2017-01-25 09:34:42 | NAK | sell | $3.040 | short |
| 2017-01-25 13:16:19 | NAK | buy | $3.100 | 0 |
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