Whew! Did i get lucky on this one. I basically entered the trade and before I could even put my stop loss in, the stock drops $1.10 out of nowhere and then come right back like nothing happened. Stock had trouble breaking above $44 level and was extremely overbought on the stochastics, so I sold it for a small loss. Took another shot long as it looked to have regained the 9 and 20ema, but I sold that flat also when there was no follow through.
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!