Great gapper, hard run off open and flagging at highs. MA's catching up. Long with -.20 stop, Target +.35, +.50. Rolled over and stopped out.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-03-10 10:25:17 | MNI | buy | $6.990 | long |
2014-03-10 10:26:11 | MNI | buy | $6.990 | long |
2014-03-10 10:27:18 | MNI | sell | $6.795 | long |
2014-03-10 10:27:18 | MNI | sell | $6.795 | 0 |
This one got me as well man, just before you on that wick up. drats. Thought it would flag break like yourself.
Was at the apex, volume started to come in....it warranted the risk.
Oops...i said i thought it would break flag for us, well it did, in the wrong direction. LOL.
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Good stop. regarding entry though - with these it is sometimes best to wait for VWAP or 9ema test before getting in......