Shared by
mirko_BOWS
After reaching the 20SMA resistance on the daily and series of lower highs I shorted on the flat bottom breakdown but no go.
NOTE:
Notice the buying volume being bigger then the selling one.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-04-29 12:57:13 | MEOH | sell | $63.350 | short |
| 2014-04-29 12:57:45 | MEOH | sell | $63.350 | short |
| 2014-04-29 12:57:45 | MEOH | sell | $63.320 | short |
| 2014-04-29 12:57:46 | MEOH | sell | $63.310 | short |
| 2014-04-29 12:58:13 | MEOH | sell | $63.360 | short |
| 2014-04-29 12:58:13 | MEOH | sell | $63.360 | short |
| 2014-04-29 12:59:55 | MEOH | buy | $63.550 | short |
| 2014-04-29 13:00:00 | MEOH | buy | $63.540 | short |
| 2014-04-29 13:00:00 | MEOH | buy | $63.550 | short |
| 2014-04-29 13:01:17 | MEOH | buy | $63.510 | short |
| 2014-04-29 13:01:17 | MEOH | buy | $63.490 | short |
| 2014-04-29 13:01:17 | MEOH | buy | $63.490 | short |
| 2014-04-29 13:01:17 | MEOH | buy | $63.490 | 0 |
Comments
Nape_BOWS
mirko_BOWS
2014-04-30 02:02:48
Yup, in fact I did notice that at the time but then again despite the buying volume it was making lower highs and broke the flag so I went for it but that should have been a reason to stay away from it perhaps.
Thanks Nape!
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Notices how low the selling volume is compared to the buying volume. Stock has relative strength.