Bull flag for EOD run. Chased a bit. Pulled back to 20 dma then popped. First target was $35.45. I went to $35.52 but I didn't sell and got out flat. Stock had several great opportunities today.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-03 14:56:00 | VEEV | buy | $35.200 | long |
2014-01-03 15:44:18 | VEEV | sell | $35.200 | 0 |
Ahh, I didn't think to consider the other flags. I just saw that the heavy volume never let up,
I see why you got in there - although it does look like a bit of a chase, it was also at the b/o area on the intra-day. The problem is it had already run for the day, and any potential b/o that late in the day often fails after a big run like that. It was also sitting at a resistance area based on the daily chart - so would have needed more juice to bust through that. It just didn't have any more ooomph to do it, and peetered out.
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6th flag and 10th setup of the day. the odds of this owkring end of day are tiny