AAL was on watch for a rubberband short. Its a very thick stock and a move from $30-$50+ in over a month is quite a bit. I was looking for weakness on pops to short resistances where I had manageable risk but could set up to see if it wanted to wash. When the stock pushed to new highs in the .70's I waited for a lower high to short. It popped .6 on declining volume and as it seemed weaker I took a short with stop at .65. My target at $51 area hadnt changed and I covered in to that support. I would have only covered partial and held but had to go to work.
Execution detail:
that is just an absolute perfect entry amazing
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!
WHOA!! HOT!!!