ACHN was strong and the daily was pushing out of a large flag after explosive up move. The stock had hit a high of $12.75 and was pulling back today. I wanted to take it on a support, or ma after it showed it was trying to base and break the 5 min. downtrend. The stock was flattening at $12.2 and I was anticipating it would wash that support to then quickly regain. I longed it off of $12.07 with the intention of .10 stop and I had confirmation when it jumped back in to the $12.15-$12.25 range. I sold half in to the next resistance which was $12.4 and my stop moves to even. The next sale was on the following spike after it flagged in that range at $12.58. Now the last 100 shares could trail and trend for day or sell through highs. My intention was to sell through highs with stop at $12.3 but I had to leave for work so ended up selling at $12.44. The stock later did spike through the highs and I would have been taken out. I think it was a great trade after my early morning decision making wasnt the best but keeping composure and scaling appropriately.
Execution detail:
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!