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spencertuttle99
Based upon that spike and fail earlier in the day and then the stock broke a rising channel to the downside I thought I could get some continuation to the downside but was stopped out quick when it shot back up.
Execution detail:
Comments
kunal00
March 19, 2013
see this stock had very little follow through after the gap down! so this stock in particuar had a lot of squeezes to the upside. remember to use your vwap if we are hanging above this stock can most likely be a long
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Hmmm in general remember if the stock gaps down and the first move is a powerful upward move, it's probably not a high probability short setup. It can still work, just gotta be more picky about where you enter.