Premarket gapper not being able to hold its highs, making lower highs and crossing below the MAs. I shorted once it broke the flag at $13 looking for a flush but no go.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-02-19 12:05:57 | UCTT | sell | $13.030 | short |
2014-02-19 12:05:58 | UCTT | sell | $13.010 | short |
2014-02-19 12:17:36 | UCTT | buy | $13.220 | short |
2014-02-19 12:17:47 | UCTT | buy | $13.249 | short |
2014-02-19 12:17:47 | UCTT | buy | $13.249 | 0 |
This became a tricky play as u see the intrday candles were wild. I wud have just passed it.
Yep Sayed, wild candles indeed.
Not sure why but at the time of the trade while I was looking at the chart in tc2000 they did not seem to be that wild but now when I see a chart here in Tradervue I can clearly see that :/
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Bit of a chase on entry. Stock was not moving clean today.