These are quickly becoming my favorite types of trades - stocks that are very extended on the daily and finally lose the trendline and ema support. I missed the initial entry around $118, but caught an entry right after the first bear flag. The stock fell so fast I just covered a took the quick profit, but then stalked it two more times for short entries. I noticed that $110 would act like support and even put in an order to cover my second short right at $110.10. I got it right at the bottom, waited for it to bounce and hit it short, again covering around that $110 level. Almost picture perfect!
Execution detail:
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hehe nice