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Avi_BOWS
It looked like 14 was a resistance level, also had a decent flag from it's HOD of 14.60 with some good coiling. This stock was also holding it's MA's, as well Kunal bought and called this one out, so looked like a good candidate to run, it just didn't follow thru on these things. I'm trying to keep my losses on any stock to $50, which I did with this stock as I sold it when it fell below it's MA's. So made a good choice selling it before Kunal got out of it.
Execution detail:
Comments
Avi_BOWS
14.90? The price was never at 14.90. Do you mean 13.90? What time are you talking?
Nape_BOWS
My bad, but yea 13.90
I like to buy stocks when they clear resistance, there was no clear point to buy this at 13.90 as it was bouncing around at that price. It did spike to 14.05 but you would have had to hit it perfectly to get profits from 13.90.
ckz8780
This thing suckered a lot of people. If you look at the 1 min chart there were some very subtle volume spikes back to back right in the candle you bought in. I bought it $13.96 and then doubled it at $13.99, lol, and proceeded to stop out just like you. Sometimes they just don't work. This one seriously looked like it was gonna go HAM to $15 IMO
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Chase it. Closer to 14.90 was idea entry.