I was thinking a triple tap breakdown so I shorted it just as it was about to make the third tap on 23.83 with the 9 EMA curving over the top. It didn't make the end of day flush I was hoping for and squeezed up so I just got out before the markets closed.
Stop: 23.93
Target: 23.40
Reward to Risk: 5.5
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-06 15:29:50 | GOGO | sell | $23.850 | short |
2014-01-06 15:58:13 | GOGO | buy | $23.890 | 0 |
too tired here. its lost all its downward mojo. bounce times
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Stock is to oversold on daily which makes it tough to short there.