TGT Trade on May 5, 2014 14:21 from CDubKang_BOWS: Tradervue User Stock Trades.

Bad news about the CEO resigning from Target today. Saw the stock go into a low base and get rejected by a descending downtrend line on the 15 min chart. To limit risk, I entered on a trend line bounce as it was squeezing to the breakdown. Price broke down from the descending triangle with half take profit at a dime, and exit position at previous hourly swing low where price was showing some support.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-05-05 14:21:29	TGT	sell	$60.100	short
2014-05-05 15:02:51	TGT	buy	$59.970	short
2014-05-05 15:12:13	TGT	buy	$59.690	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=TGT&trade=979109&end=20140604&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=TGT&trade=979109&end=20140505160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=TGT&trade=979109&end=20140505160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2014-05-06 20:56:34

First cover could have been better but overall nice.

TGT Trade on May 5, 2014 14:21 from CDubKang_BOWS: Tradervue User Stock Trades.

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