Stock coiled for a few candles under the 50ma on the daily before breaking through at $4.43. It wasn't a huge risk because I could put the stop under the VWAP at $4.30 but it probably wasn't a high probability the breakout would succeed because it was a choppy day in the market. It break back down under the VWAP and faded the rest of the day.
R/R 2.5/1
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-12-13 10:49:22 | CLSN | buy | $4.500 | long |
2013-12-13 11:14:35 | CLSN | sell | $4.290 | 0 |
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