Shared by
Spartan_Trader
Pre-market gap-down/Bear flag
CFP bounced on really light volume compared to the selling on the gap down. I took a small position to give myself more room for a stop in order to test if the bounce would squeeze higher. I added to my position as I noticed it was holding well under 5.05. When it broke above the 20 ema I covered as I feared a squeeze zone play was developing.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-04-29 10:00:16 | CFP | sell | $4.970 | short |
| 2014-04-29 10:03:18 | CFP | sell | $4.970 | short |
| 2014-04-29 11:02:33 | CFP | sell | $5.000 | short |
| 2014-04-29 11:04:04 | CFP | sell | $5.005 | short |
| 2014-04-29 11:34:44 | CFP | buy | $5.060 | short |
| 2014-04-29 11:34:50 | CFP | buy | $5.060 | 0 |
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