I see previous strong hammer / pull back from below 7.0 and never touch 6.9.
Did that again this time, Buy limit at 6.9 never reach, it got strong pull back and broke 7.0.
Long entry at 6.99 with stop loss at 6.9. Target at 7.4
Price failed to touch 7.2 two times, making double top.
The lowest point between double top is 7.06, revise stop to 7.05 and got executed.
P/L +$12
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-08 10:18:37 | CYTR | buy | $6.990 | long |
2014-01-08 10:46:58 | CYTR | sell | $7.050 | 0 |
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the stock looks like a hot mess.. big messy daily chart.. it can't be longed imo