Bought on the pullback to the 20ma on the daily. It was bear flagging just under 20ma, started to break over 9ema on the 5minute so I bought, it didn't hold. I should have sold when it didn't move I let it run for a while and dumped it.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-09 11:17:59 | S | buy | $9.640 | long |
2014-01-09 11:17:59 | S | buy | $9.640 | long |
2014-01-09 11:17:59 | S | buy | $9.640 | long |
2014-01-09 11:17:59 | S | buy | $9.640 | long |
2014-01-09 13:08:44 | S | sell | $9.540 | 0 |
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Kunal taught us that as long as the stock is below VWAP it's generally in bearish territory. Was a bit risky to go long because stock just barely pierced the 9EMA and the 20EMA was still above and acting as potential resistance.