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Jul 27, 2017 10:28


5 min b quality bull flag double dip earnings gapped up loss pennant flag yes setup

Daily: Earnings Breakout
Intraday 1: Pennant Bull Flag 5 min. I really liked the formation of this setup, just didn't have the follow through. I was a little early, but this looked like it was holding the MAs and looked like it could pop. I was ready to add if it did.
Intraday 2: I kept watching it a let it consolidate a little more. It looked like it was making a higher low and going to bounce off the VWAP so I got in for another shot. It went sideways for a while and then broke down and I stopped out again. I don't regret either trade, just no follow through.

On this stock and the one before, I need to pay attention to the daily chart and what the daily range is like. This stock gapped way up, but the daily range isn't anything special. I also don't like how it gaps almost every day. The float was almost a billion as well. Something to keep in mind.

Execution detail:

Date/time Symbol Side Price Position
2017-07-27 10:28:38 BUD buy $123.730 long
2017-07-27 10:29:00 BUD buy $123.730 long
2017-07-27 10:36:17 BUD sell $123.360 0
2017-07-27 10:51:47 BUD buy $123.400 long
2017-07-27 10:52:24 BUD buy $123.500 long
2017-07-27 10:55:03 BUD buy $123.470 long
2017-07-27 11:23:51 BUD sell $123.090 0

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