Poor entry point on this trade. I missed the first flush and entered in what looked like a bear flag. I had okay risk management with my stop-loss being set at $47.77 and my target being below $47.20. The stock was hitting strong support at the $47.20 area. Support held and my stop-loss was triggered on the bounce up. If I had been watching this stock more closely from the open, I would have liked to short after the stock failed to make new highs and began fading with the VWAP and MAs curling downward.
Execution detail:
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