stock had broke support on the daily on volume. could not find any news on this one but the setup intraday was there so I decided to play it.
after an initial flush at the open the stock pulled back and flagged for a couple of hours.
11.60 was the key resistance point so went short on a break of it. covered half at first target and 2nd half when it bounced off 11.20 as this was a key resistance level.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-11-26 13:47:00 | IQNT | sell | $11.561 | short |
2013-11-26 14:32:00 | IQNT | buy | $11.350 | short |
2013-11-26 14:53:00 | IQNT | buy | $11.232 | 0 |
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Good job!