I'm fascinated to hear other people's thoughts on why this flag didn't work. It's not exactly too extended because it has done 10% bounces in the past.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-14 13:20:58 | AMBA | buy | $31.970 | long |
2014-01-14 13:20:58 | AMBA | buy | $31.970 | long |
2014-01-14 13:21:35 | AMBA | buy | $31.970 | long |
2014-01-14 13:27:00 | AMBA | sell | $31.800 | 0 |
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Looked like good bounce spot, nice stop.