Play: PB to support
Looked like it was basing, ready for another run up. Didn't happen, got stopped out.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-03-17 13:44:24 | MOBI | buy | $11.790 | long |
2014-03-17 13:44:24 | MOBI | buy | $11.790 | long |
2014-03-17 13:44:24 | MOBI | buy | $11.790 | long |
2014-03-17 13:44:24 | MOBI | buy | $11.795 | long |
2014-03-17 14:07:54 | MOBI | sell | $11.680 | long |
2014-03-17 14:07:54 | MOBI | sell | $11.680 | 0 |
i think it was a great set up but its just that the stock was too tired perhaps. great short on the next entry
I think that it was too late for a long entry since the stock already had a bit run up in the morning and faded out afterwards. This was just a dead cat bounce after a tank so it was a bit risky to go long but perhaps worth a try.
You managed a trade really well though!
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It put in a lower high then a lower low.