I bought this as a swing with a target at 3.15 on the break of a flag on the daily chart. Bought with support of all ma's on 30 min and 5 min chart, as price broke through trend line on the flag. Above avg volume on the 5 min when it pushed through 2.83. Seemed like market was a little more positive in the afternoon which raised my confidence level in this trade. I think I was a little early on the flag break as today it has retreated, and a little tight on the stop.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-06 15:06:22 | CNDO | buy | $2.830 | long |
2014-01-06 15:06:24 | CNDO | buy | $2.839 | long |
2014-01-07 09:48:45 | CNDO | sell | $2.750 | 0 |
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