Context: gapped down, breaking below recent trading range and the 50 SMA on daily, the 200 SMA was within reach
Intraday: bear flag
I was watch this stock bear flagging for a while but I didn't get in because I was concerned about how it held $84 very well. When the 20 EMA came down very close and the stock put in a red candle then went under $84, I got in. It immediately bounced back above $84, completely reversed the bearish look of the previous candles. I knew I was wrong right away and took the loss.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-09-13 11:36:38 | WDC | sell | $83.910 | short |
2017-09-13 11:44:17 | WDC | buy | $84.510 | 0 |
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