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youngcb1_BOWS
Pull back and then a attempt to ramp up. I saw this as an opportunity for a trend reversal, especially after it held at $21.00 for the bounce. I entered for a long but the stock continued to hit resistance. I covered when it went against me and my stop was too loose. The lesson learned is that I should've never attempted to long this stock. It had already reached highs and was extended for 3 days and the stock has been in a down trend since then. Never go against the trend in a intraday chart when in the overall picture its in a downtrend.
Execution detail:
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