Setup: Intraday fade play
Bought when bounced off of 9EMA (which was acting as resistance) and also the previous triple tap low. Didn't get to scale out any because I never saw a huge flush and didn't get filled on my initial target of 7.63, which turned out to be the low of the day...5 green candles in a row later, I stopped out flat at my buy price.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-10-22 12:16:19 | DEPO | sell | $7.730 | short |
2013-10-22 12:16:19 | DEPO | sell | $7.730 | short |
2013-10-22 13:36:02 | DEPO | buy | $7.740 | 0 |
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looking at the daily chart, seem like this is a better swing type stock.. not going to get a whole lot out of it day trading.