Shared by
PeytonKP_BoWS
This one was from the BoWS watchlist. I liked the setup and got in at 18.80 after the stock shuffled around going R/G and G/R a couple times. Volume didn't really flow in a whole lot at that 18.80 level but it did enough to pop a little bit. I was expecting it to flag or consolidate in this area but then it just sold off and I got out.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-12-18 10:20:01 | MTDR | buy | $18.800 | long |
| 2013-12-18 10:20:20 | MTDR | buy | $18.780 | long |
| 2013-12-18 10:20:20 | MTDR | buy | $18.780 | long |
| 2013-12-18 10:50:02 | MTDR | sell | $18.710 | long |
| 2013-12-18 10:51:46 | MTDR | sell | $18.700 | long |
| 2013-12-18 10:52:02 | MTDR | sell | $18.700 | long |
| 2013-12-18 10:52:02 | MTDR | sell | $18.680 | long |
| 2013-12-18 10:52:02 | MTDR | sell | $18.680 | 0 |
Comments
PeytonKP_BoWS
kunal00
2013-12-18 22:26:23
this stock was gringing higher i find if i buy stocks after 4-5 green candles they lack juice.
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It doesn't matter if it had just enough volume to take it higher, you want the stock to have lots of volume, volume that if sellers come in, theres enough buyers to buy that up to.