I added this to my weekly watch list after Justin Mantelli posted it. My intention was to catch the break of the trend line on the flag and swing trade this. This popped at open, and I bought in on the third 5 minute candle when it pulled back to the 9 EMA. I have my stop set at 32.60, based on previous price support and 20 SMA on the daily chart.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-13 09:45:43 | WBAI | buy | $33.050 | long |
2014-01-14 11:48:14 | WBAI | sell | $37.600 | long |
2014-01-15 12:54:58 | WBAI | sell | $41.620 | 0 |
Quick update, I took half of this off the table as this neared previous highs on the daily chart. I am pleased with this trade so far.
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Watching tomorrow. Check out ATHM