RDN Trade on May 8, 2014 12:26 from Mike_Lucas_BOWS: Tradervue User Stock Trades.

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Mike_Lucas_BOWS

 

Setup: Flagging/coiling/ascending triangle

$15.10 offered resistance several times, yet the stock was making higher lows, thus forming coiling action or ascending triangle. It popped a little, but not enough to take profit. Fortunately, I had a tight stop in case it failed to bust through to the $15.40 -$15.5 area.

Maybe not a good stock to day trade. This is probably a better stock to swing.


Execution detail:

Date/time Symbol Side Price Position
2014-05-08 12:26:08 RDN buy $15.100 long
2014-05-08 13:11:44 RDN sell $15.000 0


Comments

2014-05-08 20:38:42
 

It's a crapshoot trading during lunch.

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