Daily: 20 ma bounce
Intraday: triple tap breakout
Entered on break of 76 resistance level, no follow through, stuck in range all day. Entry may have been a bit extended. Stopped out on break of 9EMA.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-06-03 13:35:30 | WDAY | buy | $76.020 | long |
2014-06-03 13:50:16 | WDAY | sell | $75.680 | 0 |
A chase right at resistance is always going to be a tough trade. The daily has selling pressure and the intraday did not look bullish (more like sideways action at a daily support zone).
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Agree.