Entered the trade on the flat top breakout intraday after stock pulled back to the 20EMA and started getting stronger. My initial target was HOD and I scaled out some on the pop and then sold the rest after it broke below 9EMA.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-07 11:19:36 | YGE | buy | $7.200 | long |
2014-01-07 11:19:36 | YGE | buy | $7.200 | long |
2014-01-07 11:19:36 | YGE | buy | $7.200 | long |
2014-01-07 11:19:36 | YGE | buy | $7.200 | long |
2014-01-07 11:19:36 | YGE | buy | $7.200 | long |
2014-01-07 11:19:36 | YGE | buy | $7.205 | long |
2014-01-07 11:19:36 | YGE | buy | $7.200 | long |
2014-01-07 11:37:06 | YGE | sell | $7.330 | long |
2014-01-07 11:43:00 | YGE | sell | $7.170 | long |
2014-01-07 11:43:00 | YGE | sell | $7.170 | long |
2014-01-07 11:43:00 | YGE | sell | $7.170 | 0 |
I thought it's gonna be in play today since it gapped up premarket and showed some morning strength. Afterwards it did pullback to the 20EMA and hold it nicely and showed signs of the strength so I thought I could play ride it out up to the HOD of the day but obviously not such a good idea :)
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I'm mixed on this setup. stocks arlredyc doubled in last couple weeks.. u get this thing on anything except some random morning spike ur asking for a fade