Setup - parabolic short
Daily chart - GENE has come down a lot after a few week-run to the upside (most likely due to the pump deal). It looks like it still has a room to come down to at least the previous price line level of $4.65. I tried to short it several times a day but the only good short setup was at the end of day.
Intraday (5-min) - I caught the big wave to the down side with a target to $6.80- $6.90 area.
Entries: $7.11, $7.19 (went long), $7.15.
Exit: scaling out the final flush. Tight stops with previous orders that failed.
Execution detail:
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