Shared by
nugrahaa1
First play:
Breakout 27.0 and made cheaper entry at 26.86 to be closer with stop loss point... Stop loss at 26.60.
P/L -104
Second play:
Still have hope from strong ORB this could be a take-off... Flag break out Long entry at 26.75 for 400 shares.
Price did make past 27 but can't really take-off, so Sell at 27.01.
P/L +104
Third play:
After selling at second play, price just feel like boom-boom taking off quickly to 27.25... Make re-entry at quick dip 26.75. But after view mins did not even touch 27 again, i think this maybe making down trend instead, selling at 26.86 for thin gain.
P/L +44
Total P/L +44
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-11-07 09:43:25 | CLDX | buy | $26.860 | long |
| 2013-11-07 09:44:45 | CLDX | sell | $26.600 | 0 |
| 2013-11-07 09:50:36 | CLDX | buy | $26.750 | long |
| 2013-11-07 09:57:49 | CLDX | sell | $27.010 | 0 |
| 2013-11-07 09:59:21 | CLDX | buy | $26.750 | long |
| 2013-11-07 10:04:39 | CLDX | sell | $26.860 | 0 |
Comments
Sayed
I liked that way u managed it.
nugrahaa1
Thanks Sayed... Thanks Nape for different view, you were right! I looking at this from morning gapper and nice premarket chart... Was aiming to use the momentum for R/G play but missed it as did not anticipate that very strong unusual opening... move up just like that - breakout premarket HOD 26.42 without making price dip to that point!
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It was bear flagging the whole time.. also check the daily chart, 50sma was above at $27.02.