ULTA Trade on Mar 14, 2014 10:35 from Markmandy54: Tradervue User Stock Trades.

Gapped up into resistance and formed a flat bottom. Short with -.50 stop, Target +1.50, +2. Began to consolidate and bounced so out. Ok setup, maybe B setup.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-03-14 10:35:17	ULTA	sell	$95.600	short
2014-03-14 10:47:42	ULTA	buy	$96.070	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=ULTA&trade=892250&end=20140314114342&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=ULTA&trade=892250&end=20140314131242&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=ULTA&trade=892250&end=20140314160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=ULTA&trade=892250&end=20140413&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

jmoscate_BOWS

2014-03-14 16:49:12

Good trade in my books. Has a clear flat bottom and there was high selling pressure. Good management of it as well!

PHILnomenal

2014-03-15 13:41:59

I tried this play and got faked out a couple times as well, kept tapping that intraday price support level and making lower highs. I think this was a valid play especially in this chop, just didn't want to

PHILnomenal

2014-03-15 13:42:13

crack. lol.

ULTA Trade on Mar 14, 2014 10:35 from Markmandy54: Tradervue User Stock Trades.

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