Looked like a bear flag. Tapped 9 EMA and didn't hold so I bought expecting a flush. Instead, next candle it busted above the 9 EMA, so I sold. When it stopped popping I re-bought because it was such a low volume move to the upside and had the 50 riding above it. It immediately cracked the 50 so I got out.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-09 14:19:54 | MPC | sell | $90.490 | short |
2014-01-09 14:21:53 | MPC | buy | $90.660 | 0 |
2014-01-09 14:23:48 | MPC | sell | $90.680 | short |
2014-01-09 14:28:27 | MPC | buy | $90.770 | 0 |
I believe I picked this one up mid day in a scan for stocks up more than 4%, but you're right, there wasn't a daily pattern.
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No short setup on daily chart.