Play: Triple tap/ Flat top Break down
This area was a big one and with the MA's on top, volume coming in, thought it could flush down. It didn't seem ready to break the area and might need one more day or so.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-02-21 14:18:35 | MVIS | sell | $2.800 | short |
2014-02-21 14:18:35 | MVIS | sell | $2.800 | short |
2014-02-21 14:18:35 | MVIS | sell | $2.800 | short |
2014-02-21 14:18:35 | MVIS | sell | $2.800 | short |
2014-02-21 14:18:35 | MVIS | sell | $2.800 | short |
2014-02-21 14:18:35 | MVIS | sell | $2.800 | short |
2014-02-21 14:18:35 | MVIS | sell | $2.800 | short |
2014-02-21 14:24:20 | MVIS | buy | $2.870 | short |
2014-02-21 14:24:20 | MVIS | buy | $2.870 | short |
2014-02-21 14:24:20 | MVIS | buy | $2.870 | short |
2014-02-21 14:24:21 | MVIS | buy | $2.880 | short |
2014-02-21 14:24:21 | MVIS | buy | $2.880 | short |
2014-02-21 14:24:21 | MVIS | buy | $2.880 | short |
2014-02-21 14:24:21 | MVIS | buy | $2.880 | 0 |
I see exactly what you were after at 2.8, I tried this also (more than once). This stock ranged all day, and I played it exactly wrong as I was aiming for it to break range. It tapped that area multiple times, I think I shorted 3 or 4 candles after this.
Looked so good to me on your entry man. Great flat bottom B/D candidate.
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Bit of a chase getting in that low. Short closer to $3 was idea.