Daily cup n handle and looks ready to make a break out of the consol area from 23-23.50. Alert triggered and waited for a P/B from initial A.M. run. Stop -.13, Targets +.20, +.30, +.50. Got the volume and started to but big sellers started to come in so anticipated the false B/O and took off for a tiny gain.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-10-21 10:19:38 | KKD | buy | $23.960 | long |
2013-10-21 10:31:52 | KKD | sell | $24.010 | 0 |
I think the entry on this was at that 23.70-23.80 level in the third candle with a stop of 23.65 or so. Nice exit and good read at the top there. Might wanna try to tighten up your daily setups a bit to eliminate these questionable intraday plays.
Ya daily, looked good to me with blue sky above but since the sellers pushed price back down the day before should have had me question the strength of a true breakout (also no volume on daily either.)
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yea it was out juice.. that last candle at the top was a nasty one ..good sell!