Bear flag developed and the stock broke down so I entered. A better entry would have been at the peak of the bear flag. But after my short entry the stock continued to go down but it hit support at $11.70 mark and squeezed back up to resistance. I maintained patience as the stock did not break through resistance. Once the stock reversed downwards I shorted some more shares as I was expecting the stock to break support at $11.70. The stock broke down and I scaled out a few times before exiting. I exited a little early because I had to cut my laptop off and get back to work. And because of that I missed the lower exit area at around $11.57.
Execution detail:
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