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Jul 18, 2019 09:31


Intraday Resistance Play Short

Intraday Fundamentals
Ebay took a couple of analyst upgrades and a couple of reiteration of the price by some tier one banks.
Beat earnings and raised guidance. But they really just matched their beat


This stock has been ranging the last couple of weeks between 39 and 40.50. Which a range the is basing near the last 52 week high. A friend point out some action off the weekly that establish 42 as a possible resistance
Trading Strategy
I had not full prepped for this due to some distractors this morning. A written guideline may have helped turn this trad green.
Trade Management

• Be prepared, losses are easier to take when you have a plan
• Playing after a test of support or resistance is a possible edge for me. I understand that, the first two trades were not this play.

Execution detail:

Date/time Symbol Side Price Position
2019-07-18 09:31:46 EBAY sell $41.410 short
2019-07-18 09:35:17 EBAY buy $41.690 0
2019-07-18 09:36:58 EBAY sell $41.525 short
2019-07-18 09:39:03 EBAY buy $41.880 0
2019-07-18 09:42:14 EBAY sell $41.700 short
2019-07-18 10:10:45 EBAY buy $41.156 0

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