rfe: bull flag, s 87.19, sto 79, 3tfta, BOWS chatter
stop $87.03
target $88.00
concerns: stock tired after morning gap and run.
looked like it was consolidating on the 9ema, and it was. stopped out with a long wick. Stop loss $30 too much, needed to keep stop loss active. early morning volatility.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-11-26 10:23:52 | TIF | buy | $87.240 | long |
2013-11-26 10:34:29 | TIF | sell | $86.880 | 0 |
This thing got me 2 times with those little tiny shakeouts. Was a very tight consol pattern and looked ready to go.
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You will see stock consildate on the 9ema, break it then next 5 minute candle rip. (Works the other way with bear flag pop above 9ema then flush). I see no reason to buy this, there was no increase in volume.
There was no entry until 11:45ish when it broke its flag, see it?