Daily bear flag and gapped down and kept stair stepping lower. Stop -.10, Target +.25. Looked great but in hindsight was O/S and extended, will need to bounce or allow time to unwind before next leg down.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-02-11 10:17:53 | GRPN | sell | $10.140 | short |
2014-02-11 10:17:53 | GRPN | sell | $10.140 | short |
2014-02-11 10:28:09 | GRPN | buy | $10.220 | short |
2014-02-11 10:28:09 | GRPN | buy | $10.220 | 0 |
But I also do see the setup with the 9ema coming down on it. might needed a little rest like you said.
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There is some resistance at the 10.15 level on the 30mn and at the 10 level on the daily but once again, excellent stop,right above the previous high.