1mn Bull Flag 9EMA Trend
After taking a closer look at the ASPS play, I realized that I bought a two tapper, I should of waiting longer for the stock to consolidate and get closer to its VWAP.
1mn Bull Flag 9EMA Trend.
Note: Quick Pullback Long STOP LOD will work best buy at 37 with 1.90 risk. After messing up the ASPS buy early in the morning, I wanted to wait in the afternoon, if I can possibly nail a day long consolidation play. After ASPS brokeout of the flag, I bought it when up, but on low volume. It tap 40 a couple of times, but it was not sustainable, so I sold for a scratch. I also got bored with it and sold, I didn't want to wait until the end of the day.
Note: 10/30/15 ASPS ORB in the morning, the only second opportunity trade this was on bounce to VWAP or strong price support for a bounce after a pullback. The rest of the day ORB intraday usually fade all day.
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!