Daily bear flag breakdown. I have been trying to short this thing since $58.50 and can never find a good entry, so finally when it broker through the daily low I just decided to start scaling in. I expected the immediate bounce but added another piece on the bear flag break when it actually went through lows with force. Of course, after all that, it still was not powerful enough to really flush and kept squeezing of fthat $57 level so I finally exited the trade for a miniscule gain.
200 shares
+$27.05 (0.21%)
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-09 10:15:35 | LULU | sell | $57.350 | short |
2014-01-09 11:09:02 | LULU | sell | $57.380 | short |
2014-01-09 13:40:18 | LULU | buy | $57.230 | short |
2014-01-09 13:40:18 | LULU | buy | $57.230 | 0 |
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Nice entries