Was on my list as a MOMO PB. ORB dropped down but recovered. then pulled back. Downtrend could not hold below LOD. Popped up above MA's and VWAP, flagged into MA's but held.
Bought on the BO from flag. Target 29.55 (HOD), stop at $29.24. Sold half at first target. Scaled out 100 on the peak. Was moving stop up to just under MA's. Missed scale out at the top of peak, got stopped out on the PB.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-03-10 11:04:09 | WWE | buy | $29.270 | long |
2014-03-10 11:07:38 | WWE | sell | $29.580 | long |
2014-03-10 11:20:33 | WWE | sell | $29.900 | long |
2014-03-10 11:30:00 | WWE | sell | $29.480 | 0 |
Great entry, once couldn't get under 29 gave the signal to long, well played.
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Good patience. It's a very small flag though IMO lol I like to have at least 50cents + as the "pole" esp on a 30$ stock..but that is just my preference and i've heard Kunal say that previously as well.lol