I was looking at this one as a short since a bear flag was forming on the daily chart and it had a big gap down a few days ago. I shorted it just as it pullback to the 9 EMA since it had initially flushed at the open but it was a no go and I got stopped out. I didn't notice it was running right into support on the 30 minute at the 20 MA...have to make sure to keep that in mind.
Stop: 11.45
First Target: 11.10
Reward to Risk: 2.5
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-12-23 09:42:15 | RMTI | sell | $11.340 | short |
2013-12-23 10:08:15 | RMTI | buy | $11.500 | 0 |
I was thinking it was a pullback to the 9 EMA but with such a strong drop at the open I should've figured it would make a bigger pullback.
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Not seeing your intraday setup on entry.