caught off the 5 minute chart....
probably should have been short @ 3.20 area from daily lineup stock faded all day after initial spike
put a stop mkt order short @ 3.17, after tapped at 3.18 for round a half hour. formed a pennant on 5min that was indicating a break down coming.... broke down quickly got out a winner whole position only because only trade of the day
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-09-17 15:44:10 | DNDN | sell | $3.170 | short |
2013-09-17 15:50:50 | DNDN | buy | $3.110 | 0 |
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Not bad. Looking at the 5 day intraday chart, it looks like it didn't have much room to go though since support was right around $3.13. Good job catching the tip of that candlewick