Bounce from 3.65 which is prev day EOD break out, make nice double bottom and strong support.
Long entry at 3.8 after price broke 3.8, with stop loss at 3.76 (below flag pole).
Got stop at 3.76
P/L -$20
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-09 12:40:42 | ACHN | buy | $3.800 | long |
2014-01-09 12:52:39 | ACHN | sell | $3.770 | 0 |
It takes news/catalyst to fill a gap like that. No setup here without it.
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Just wasn't ready. Maybe tomorrow.