Shared by
Boston
This stock was gapping and formed a flat top flag. I scaled into this stock for the breakout. It broke out and then faded back very quickly and I got out for breakeven. This was not a good trade because on the daily chart, there was a big resistance level at $7.00. That's a big reason this setup didn't work out. Even though it was clean, I am still longing into resistance and breaking my rules.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2017-05-05 09:51:42 | IMMU | buy | $6.660 | long |
| 2017-05-05 09:55:25 | IMMU | buy | $6.730 | long |
| 2017-05-05 09:55:39 | IMMU | buy | $6.770 | long |
| 2017-05-05 09:56:17 | IMMU | buy | $6.870 | long |
| 2017-05-05 09:56:57 | IMMU | sell | $6.760 | 0 |
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