First short was extended on entry. I missed the entry I wanted by $0.03 (which is quite a bit in this case), but I figured that there was no support on the daily and it could easily flush $0.50 to the next level of support.
Added to short position as it tapped the 2.97 area again. Covered those shares as it squeezed above resistance.
Covered original shares at the absolute high of the day, as it broke previous resistance and popped well over MAs.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-04-04 10:42:50 | OPTT | sell | $2.970 | short |
2014-04-04 12:07:41 | OPTT | sell | $2.960 | short |
2014-04-04 12:45:00 | OPTT | buy | $3.010 | short |
2014-04-04 14:38:39 | OPTT | buy | $3.080 | 0 |
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