Missed the move on HTGM, was trying to get into this one on the pullback to the 9 EMA, didn't work out. The stock had some resistance on the daily chart, price resistance around $2.39 and the 200 SMA at $2.65. It popped up to 2.34 on the 1st candle, then retraced back to the 9 EMA, my thought process was that it could test the HOD again. It got back to to around 2.18 and then just rolled over. It was an earnings play on a low float biotech stock, but it had price resistance and the 200 SMA holding it down. HTGM was the play on this day. ORB, flagging on the 1 minute and 5 minute chart. I missed it, need to improve at looking at multiple stocks at the same time.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-03-24 09:55:00 | EBIO | buy | $2.090 | long |
2017-03-24 10:28:00 | EBIO | sell | $2.040 | 0 |
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