Shared by
Boston
This stock had a lot of momentum and looked like it was breaking out of a base on the daily chart. Although this had an awesome daily, the intraday setup wasn't the best. On the daily, I was longing into the 200DMA and other resistance levels. Intraday, the pullback was really aggressive on the 5 min, and the 1 min chart did not look clean. I was just longing into resistance. I would have liked to take this trade if the stock had based out longer intraday and mad a flat top flag breaking out over the resistance.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2017-04-21 09:55:25 | PTX | buy | $4.250 | long |
| 2017-04-21 09:55:33 | PTX | buy | $4.250 | long |
| 2017-04-21 09:57:13 | PTX | sell | $4.060 | 0 |
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