Play: Bear flag
News came out on $PLUG, missed the initial entry, waited for it to bear flag and got in. Sold at target. When it pulled back to the 9ema and started breaking down, I added some more but it never flushed. Got stopped out.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-04-02 11:18:27 | BLDP | sell | $4.830 | short |
2014-04-02 11:18:27 | BLDP | sell | $4.830 | short |
2014-04-02 11:29:14 | BLDP | buy | $4.630 | short |
2014-04-02 11:41:58 | BLDP | sell | $4.780 | short |
2014-04-02 11:41:58 | BLDP | sell | $4.780 | short |
2014-04-02 11:52:43 | BLDP | buy | $4.830 | 0 |
I second that, great entry mate and picture perfect exit on the first trade!
Great first trade!!! Watch that second one though, the green candle after your first cover was almost a complete bullish engulfment pattern which usually signals trend reversal.
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Great entry on that little bear flag.