Shared by
tomr_BOWS
Daily: Flat-top b/o
Intraday: Squeeze Zone
Gain: $118 (1.6%)
Had $UVE on my watchlist for a flat-top b/o but it flushed at the opening. Once it bottomed out I watched it for a squeeze zone play and took trade when it crossed over the 9EMA. Scaled out partial when it hit resistance near $12.65 and sold the rest when price action looked really choppy and appeared trendless.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-12-11 12:19:57 | UVE | buy | $12.450 | long |
| 2013-12-11 12:20:51 | UVE | buy | $12.410 | long |
| 2013-12-11 12:22:01 | UVE | buy | $12.410 | long |
| 2013-12-11 12:22:13 | UVE | buy | $12.420 | long |
| 2013-12-11 12:22:14 | UVE | buy | $12.420 | long |
| 2013-12-11 12:24:16 | UVE | buy | $12.420 | long |
| 2013-12-11 13:45:46 | UVE | sell | $12.640 | long |
| 2013-12-11 13:45:46 | UVE | sell | $12.635 | long |
| 2013-12-11 14:47:25 | UVE | sell | $12.630 | long |
| 2013-12-11 14:47:25 | UVE | sell | $12.630 | long |
| 2013-12-11 15:06:56 | UVE | sell | $12.550 | long |
| 2013-12-11 15:06:56 | UVE | sell | $12.590 | 0 |
Comments
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Great entry, great exits. Nice