Daily: Rubberband short
Intraday: Flag b/o
Entry: $7.87
Stop: $7.96
1st Target: $7.35
Gain: $67 (1.4%)
Stock had support at $7.90 from previous day. Entered trade on a flag b/o when price moved below $7.90. Scaled out partial portions to take early profit and got stopped out for the remainder at my stop loss which I had moved down to $7.80 (just above 9EMA).
Execution detail:
Nice short
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Nice