Shared by
bethomas47_BOWS
ZGNX:
Entry - $3.90
1st target - $3.48
I was looking for a red to green move. The wash came premarket so I don't know if that is a legitimate wash or does the wash have to be at market opening?
However, I saw a bear flag forming premarket and watched to see if it would stay below the MAs. When the price dipped below my trend line I shorted 100 shares. Within 10 minutes there was a big drop.
Sold 1/2 at my first target and waited as it tested the MAs.
Sold rest as it broke back over the 9ema for a second time.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-03-12 09:41:38 | ZGNX | sell | $3.900 | short |
| 2014-03-12 09:55:29 | ZGNX | buy | $3.360 | short |
| 2014-03-12 10:35:08 | ZGNX | buy | $3.670 | 0 |
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