Stock getting extended on the daily and reached a major resistance overhead on the daily.
I missed the initial shorting opportunity around $14.30 but since it was pushed from above by the MAs and VWAP I shorted on that mini flag breakdown but no go.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-02-12 12:45:33 | ECYT | sell | $14.088 | short |
2014-02-12 12:46:17 | ECYT | sell | $14.080 | short |
2014-02-12 12:47:09 | ECYT | sell | $14.060 | short |
2014-02-12 12:47:25 | ECYT | sell | $14.060 | short |
2014-02-12 12:47:25 | ECYT | sell | $14.060 | short |
2014-02-12 13:00:51 | ECYT | buy | $14.190 | short |
2014-02-12 13:00:51 | ECYT | buy | $14.190 | short |
2014-02-12 13:01:09 | ECYT | buy | $14.170 | short |
2014-02-12 13:01:10 | ECYT | buy | $14.170 | short |
2014-02-12 13:01:24 | ECYT | buy | $14.170 | short |
2014-02-12 13:01:50 | ECYT | buy | $14.200 | short |
2014-02-12 13:02:04 | ECYT | buy | $14.180 | 0 |
I would have tried again later on that same 14.08
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Tough trade as the volume was so low when you enter the trade on top of that the intraday chart was messy as well.