Play: Bear flag
Overbought on the daily, the 4.60 area looked like resistance intraday.It looks like a huge chase and it is lol I wanted to get in a little before but failed so ended up chasing. I went in for the quick10-15cent flush as my stop loss was 5cents though.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-02-14 14:21:02 | OPTT | sell | $4.600 | short |
2014-02-14 14:21:02 | OPTT | sell | $4.600 | short |
2014-02-14 14:21:03 | OPTT | sell | $4.590 | short |
2014-02-14 14:44:10 | OPTT | buy | $4.480 | short |
2014-02-14 14:58:49 | OPTT | buy | $4.380 | short |
2014-02-14 15:20:52 | OPTT | buy | $4.510 | 0 |
Not a huge chase (I assume you wanted it to confirm below price support area first). Great first and 2nd cover!
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Nice short.