I was watching this due to being extended on the daily chart. When it dipped below the MA's and rode up under them, I shorted thinking we would get a bit of a run down out of it. Luckily I had a good low-risk entry with a fairly tight stop, so loss was minimal.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-02-18 10:10:56 | OPTT | sell | $4.470 | short |
2014-02-18 10:21:07 | OPTT | buy | $4.520 | 0 |
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Bit tricky because it's flagging. If anywhere it's flagging below $5 and prob needs another candle or two before breaking out, so $5 was prob your short entry.