I was watching CHTP as an in play stock, and looking for a quick scalp. I picked it up after it went red-green, I entered on a pull back to MA support. I was thinking it would bounce. I set my stop at VWAP and 9 EMA support. Clearly this was not intending to bounce, and it hit my stop quickly. Low risk on this meant I did not lose much, $6.00.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-16 10:05:47 | CHTP | buy | $4.540 | long |
2014-01-16 10:08:40 | CHTP | sell | $4.480 | 0 |
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Not a confirmed setup.