Remounted VWAP to create a bull flag over $46 but it didn’t have the juice to sustain the move.
S/L was at 45.80 with a target of 46.50/60.
I re-entered PCl a few minutes later once it flushed out the initial buyers at $46 with a nice spike to 45.50. Took 50 share position and rode the momentum for a nice scalp.
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Execution detail:
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