Shared by
BScripter_BOWS
Pretty extended on the daily chart so I was anticipating a rubberband short. It opened a little higher than the close then pulled a quick green to red, then pulled back to the 9 EMA and thats where I shorted it with a stop right above $3 as it had tapped that 2 other times over the last 6 months and broke down. It hit $3 again and failed. Scaled out as it dropped and saved some as a lotto but once it squeezed and broke through support I got it.
Stop: $3.01
Target: $2.80
Reward to Risk: 2.5
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-12-27 09:38:20 | INO | sell | $2.950 | short |
| 2013-12-27 10:24:51 | INO | buy | $2.820 | short |
| 2013-12-27 10:52:27 | INO | buy | $2.720 | short |
| 2013-12-27 12:06:47 | INO | buy | $2.800 | 0 |
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