I've been trading this stock short for the past week. It was extremely oversold on the daily and I noticed it gapped up in the morning above resistance levels. I missed the early ORB, but thats not really my style anyways. I waited for it to retrace/flag and I got a pretty decent entry. It initially failed to take out the high of the day and when I noted that the 9ema held, I added on to my position and sold into the rip. I thought the stock was flagging again and I went in right at the 9ema around 11:22am, but the stock quickly fell and tested the $31 level again and I got stopped out.
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!