TWTR, kicker of groins. Wild, yet masterful strikes to the nether regions.
Waited for confirmation of the 3-candle bear flag. Only waited because I figured it was a bit extended for another huge rip-down, but when I got confirmation of a new low, I was in. It turned and squeezed above MAs on pretty low volume, but it was at my max loss. My second add as it tapped the MA and started to fade on weak volume put me above my max loss.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-17 13:22:55 | TWTR | sell | $62.670 | short |
2014-01-17 13:39:25 | TWTR | sell | $62.830 | short |
2014-01-17 13:54:26 | TWTR | buy | $63.020 | 0 |
First buy in spot way to extended. Also on the 30 min chart this stock bounced right of its MAs then got squeezed back down. Make sure you line up stocks on multiple time frames.
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I know what you mean.. personally, I was kicked in the NUS the other day ;)
I think 3 candles is not much of a consolidation for TWTR. I have been squeezed by this stock twice.. cause I wasn't smart enough to learn from the first time.