Shared by
beno
NUS bounced from long term support on news of lower than estimated sales in China due to government inspection of health care products. It bounced yesterday and continued its trend back up today. I didn’t catch the initial move in the morning as this stock didn’t make my top 2 stocks hence I wasn’t watching attentively. I started my position after I noticed it was consolidating above its high of the day. I tried to add my second tier at 39.83 when I noticed it making another low, got stopped out 5 cents below but I jumped back in at 73 cents. I sold one tier into the 40 resistance area and held my core at first. The third time it hit 40 and couldn’t break it I sold my last tier. The stock ended up trending down the remainder of the day.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-07-18 10:00:25 | NUS | buy | $39.620 | long |
| 2019-07-18 10:43:07 | NUS | buy | $39.830 | long |
| 2019-07-18 10:45:25 | NUS | sell | $39.773 | long |
| 2019-07-18 10:48:16 | NUS | buy | $39.730 | long |
| 2019-07-18 11:03:59 | NUS | sell | $39.967 | long |
| 2019-07-18 12:12:09 | NUS | sell | $40.000 | 0 |
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!