Shared by
uncrew_BOWS
Flat-top breakout
$42.50 looked like the breakout spot.
Bought @ $42.45; Stop @ $42.25 (.20 risk)
Moved stop to $43.00
It finished strong at the EOD. Holding to see what happens in the morning.
Trading lower in after market. Looking for a possible R/G move and possible 3rd tap for flat-top breakout @ $44.70
Resistance may be at $47
Noticed a gap up before the market opened. Set a target price for $47.00 to take half.
Set a stop on remainder under bottom of the gap @ $44.50.
Noticed possible triple bottom at LOD around $45.50. Sold other half @ $45.83
I so glad that I noticed that possible flat bottom breakdown because it was a big flush of about $5 afterwards.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-11-26 12:52:00 | VJET | buy | $42.450 | long |
| 2013-11-27 09:37:00 | VJET | sell | $47.000 | long |
| 2013-11-27 11:38:00 | VJET | sell | $45.840 | 0 |
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