MAT Trade on Jan 27, 2017 09:50 from Emilie_BOWS: Tradervue User Stock Trades.

Daily: overextended down move to important support level around $26
Intraday: ORB, bull flag
This stock got beaten down hard on earnings report the previous day. Price at the open was right above previous day close at $26. It would have gone green to red if it had broken below. On the other hand, the stock was down almost 20% or so in just one day and it wasn't a low float. So I felt that there could be a bounce. I got in long on ORB setup as I saw $26 held then added on the first flag/9 EMA pullback. Target was $27 which was break down point the previous day.

Execution detail:

Date/time	Symbol	Side	Price	Position
2017-01-27 09:50:54	MAT	buy	$26.120	long
2017-01-27 10:25:10	MAT	buy	$26.380	long
2017-01-27 11:29:22	MAT	sell	$26.740	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=MAT&trade=5305763&end=20170226&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=MAT&trade=5305763&end=20170127132922&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=MAT&trade=5305763&end=20170127160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=MAT&trade=5305763&end=20170127160000&i=m10&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

MAT Trade on Jan 27, 2017 09:50 from Emilie_BOWS: Tradervue User Stock Trades.

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