Daily: Pr breakout
Intraday: bear flag
After breaking down from flat bottom bear flag, stock bounced to previous support level at 5.50, entered when it seemed to be failing at 9EMA.
Didn't work, stopped out.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-05-14 13:32:38 | PTX | sell | $5.470 | short |
2014-05-14 13:36:44 | PTX | buy | $5.520 | 0 |
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Tough short right there IMO as it was near price support on daily. If you would have gotten it closer to $6, limit risk a bit better.