Play: Bear flag
Gapped down, flushed and was consolidating. It could not get over the VWAP so shorted when broke trend line. Sold a bit fast on first target. I sold second half as it seemed to not be able to break 47.50 and I did not want to be squeezed flat on the final shares so sold before the squeeze.
Once again, I need to be a bit more patient on my first targets.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-04-24 12:03:43 | XLNX | sell | $47.750 | short |
2014-04-24 12:17:19 | XLNX | buy | $47.600 | short |
2014-04-24 12:32:21 | XLNX | buy | $47.550 | 0 |
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Worth a shot.