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ivanka_BOWS
On a daily chart - GENE was a great flat top breakout play 2 days ago. It finished completely out of the upper Bollinger band one day ago, and looked like a great Rubber Band Snap-Back play today.
Intraday (5-min candle) - however, it had a big pre market run this morning and was a gapper up at the open. So, my plan to short it changed into going long ...hmmmm?
First 90 minutes it had sell offs, then pullback to the MAs. I decided to go long when it broke 9 and 20 EMA even though vwap was still above... so technically it was a bear flag which I misinterpreted, and got stopped.
Lesson learned! with a small loss
Execution detail:
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