MNOV Trade on Jan 14, 2014 10:27 from acelaw2000_BOWS: Tradervue User Stock Trades.

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acelaw2000_BOWS

DAY TRADE: LONG ON HUGE GAP UP
STOP LOSS: RECENT LOW ON 5 MIN CHART (PLAYED LIKE A 123 REVERSAL ON STOP)
1ST TARGET: 4.48
SETUP: BULL FLAG
REWARD TO RISK: 7:1
CONCERNS OF THE TRADE: STOCK IS UP HUGE ON NEWS ABOUT EARNINGS, BUT ALREADY UP 90%+ UPON ENTRY, AM FEELING THIS STOCK IS TOO EXTENDED. SETUP LOOKS NICE THO OFF PENNANT THAT HAS FORMED INTRADAY. WE WILL GIVE IT A TRY.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-01-14 10:27:28	MNOV	buy	$4.230	long
2014-01-14 10:32:10	MNOV	sell	$4.330	long
2014-01-14 10:34:18	MNOV	sell	$4.300	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=MNOV&trade=787711&end=20140213&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=MNOV&trade=787711&end=20140114130418&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=MNOV&trade=787711&end=20140114120118&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=MNOV&trade=787711&end=20140114110218&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2014-01-14 18:46:51

I see the setup as it was coiling up, but it was just tired.

MNOV Trade on Jan 14, 2014 10:27 from acelaw2000_BOWS: Tradervue User Stock Trades.

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