OVTI Trade on Feb 28, 2014 09:53 from Markmandy54: Tradervue User Stock Trades.

Great gapper and kept tapping at highs. Flat top started to get buying volume. Long with tight stop and no go so stopped out.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-02-28 09:53:35	OVTI	buy	$18.290	long
2014-02-28 10:01:03	OVTI	sell	$18.020	long
2014-02-28 10:01:03	OVTI	sell	$18.020	long
2014-02-28 10:01:03	OVTI	sell	$18.020	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=OVTI&trade=861847&end=20140228105903&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=OVTI&trade=861847&end=20140228122603&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=OVTI&trade=861847&end=20140228160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=OVTI&trade=861847&end=20140330&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

jco1987_BOWS

2014-02-28 17:08:39

Couldn't break that opening range therefore showing weakness. Good short setup on the break of 18 to the downside

Markmandy54

2014-02-28 17:19:31

At my entry point my perception was this was ready. People who were in overnight took profits, and buyers stepped right in, Let MA's start coming up as kept tapping at highs and p/b on low volume. I thought this hit every aspect of the checklist?

Agree once tested 18 again, the 3rd test was the short fo sho!

jco1987_BOWS

2014-02-28 17:44:43

I agree. Worth a shot as it did get bought up on the dip

Gena_BOWS

2014-03-01 10:44:28

Same thing as that WUBA situation. When the first candle is a big sell at the ORB, I tend to be more suspicious. I also think ORBs are different when there is no prior price history to compare to (like for 52wk high). This one had some price resistance from earlier last year. I dunno, that's just my thought. But it was worth a shot.

OVTI Trade on Feb 28, 2014 09:53 from Markmandy54: Tradervue User Stock Trades.

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