Shared by
Emilie_BOWS
Daily: supermomo, base breakout, big gap up
Intraday: bull flag
Stock had a big gap up over recent high, over $2. Price action at the open was a little scary so I hesitated to enter although $2 level seemed to hold. Volume was good. I kept watching as the morning action evolved but found the range too wide and I expected it to crash. However it held the trend really well, kept making higher highs and higher lows. I kept missing entries because I was too cautious (too high, lunch time).
When it finally broke above $3 and held above $3 for some time while the range was tightening, I took an entry with stop just below $3, doubled up when it was breaking higher and then held for the EOD squeeze.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2017-04-17 14:10:06 | CBLI | buy | $3.090 | long |
| 2017-04-17 14:39:57 | CBLI | buy | $3.200 | long |
| 2017-04-17 15:50:02 | CBLI | sell | $4.580 | long |
| 2017-04-17 15:53:58 | CBLI | sell | $4.790 | 0 |
Comments
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!
what a fantastic trade with well though out plan and patience.