Premarket gapper on the run during the morning and then started pulling back to the 20EMA once it hit the resitance level on the daily. Since the 20EMA test usually holds I shorted on the pop to the 9EMA looking for a flush under the 20EMA but no go since it was still in the uptrend making higher lows and just bounced off the 20EMA. I was too early in this trade.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-05-29 11:56:29 | TSN | sell | $43.390 | short |
2014-05-29 11:56:29 | TSN | sell | $43.390 | short |
2014-05-29 11:56:29 | TSN | sell | $43.390 | short |
2014-05-29 12:13:00 | TSN | buy | $43.690 | short |
2014-05-29 12:13:00 | TSN | buy | $43.690 | 0 |
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