This was a PB to the VWAP. It failed and kept breaking down. I should have waited for more conformation.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-11-15 11:21:43 | CADX | buy | $8.400 | long |
2013-11-15 11:21:43 | CADX | buy | $8.400 | long |
2013-11-15 11:24:04 | CADX | sell | $8.300 | 0 |
these pr plays.. try to avoid Feng in the morning and get into the CADX Pr plays instead.. I traded this in the morning.. (but then again Im force to trade mornings due to day job) and pr plays have more juice in the morning imo.
You see how extended stock became around $9 level after huge run up and could not hold that hod? That was a sign of temp weakness and then later on broke the bear flag and some support levels so I would be thinking here on going short for a gap fill instead of going long.
Lost that consolidation above 8.50 which is a tell people selling (i think)
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Needed to start coiling upward for better confirmation.