Played it as a bear flag but really in my mind it was a bull flag since the stock was in a clear up trend supported by a perfect trend line. I let a chat room member influence my thinking. Risk was small however. It popped huge to the upside a few minutes after the buy.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-12-13 13:34:52 | LULU | sell | $58.930 | short |
2013-12-13 13:51:05 | LULU | buy | $59.050 | 0 |
Thanks for the comment and I agree. I liked it to the upside but I let someone in the chatroom influence my thinking.
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Stock is very oversold on daily chart. Not much downsize left. Better long then short at this point.