rfe: bull flag s 38.4, sto 77, 3tfta, BOWS chatter
stop @ 38.30
target @ 40.00
concerns:
BOWS chatroom noted rising wedge fail, accurately. from 34, too extended. should not hav etaken this trade
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-11-21 13:24:28 | VJET | buy | $38.800 | long |
2013-11-21 13:30:15 | VJET | sell | $38.300 | long |
2013-11-21 13:30:15 | VJET | sell | $38.280 | 0 |
Easy money was over.. Once it broke over $35 around 11:55am it was game on. I saw it holding $34 and called it out in the chat, but didn't pull the trigger once it got over $35.
Gapfilled. From what i've heard once a gapfills the probable move is to reverse off gapfill.
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I don't see whats wrong with this trade. You could've easily sold half for a .50 cent gain.
If you didn't sell, I personally would've covered flat. On the 3rdish try it couldn't break the mark, then it would usually tank.
FYI - on the break of gap downs fill, expect massive resistance. Sometimes it breaks through easy