CVRR Trade on May 7, 2014 11:58 from oly_BOWS: Tradervue User Stock Trades.

I got short on the flag breakdown as I was watching this for a snapback play.

stop: 28.21

I scaled half at 28, near the basing pattern from end of day the previous session. I also moved the stop to breakeven at this point.

As it continued to hold at 28, I got out the rest.

Ste. pointed out that it was low volume on the day - that is, it doesn't have the explosive volume many of the other plays have. He felt this makes it too hard to get in and out cleanly. The chart does have some pop in it between candles, maybe something for me to watch out for in future.