Shared by
Boston
This stock had really low volume and could not be traded. I should have known after it put in a huge wick on the 2nd 5 min candle of the day. That is a sign of big selling pressure and stocks usually don't recover when that happens. On the 1 min, sure you could consider this a flag, but there was such low volume that it made the stock really choppy.
On the daily chart, this was the first daily candle to make a new high, but it wasn't a clean daily chart really. I was also longing into resistance... I saw this after I entered in the trade.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2017-04-06 10:00:46 | LPTH | buy | $2.850 | long |
| 2017-04-06 10:00:58 | LPTH | buy | $2.850 | long |
| 2017-04-06 10:01:01 | LPTH | buy | $2.850 | long |
| 2017-04-06 10:04:53 | LPTH | sell | $2.770 | 0 |
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