Daily Setup: PEG falling wedge with 28% short interest
Buy Signal: Stock gapped up over 13, after basing on 12, pulled back tested the 9ema and held
Stop: 12.78
Notes: The SPY is in rangebound action, very volatile and moves are unpredictable with news about Trump, FED, and China. I should have hedged my position once the stock gapped up to 14 to protect my capital in these volatile times.
Also one thing I needed to do was raise my stop once SPWR broke out of the wedge pattern, 13.50 is where I should have stopped out.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-08-19 11:05:26 | SPWR | buy | $13.125 | long |
2019-08-23 11:10:07 | SPWR | sell | $12.780 | 0 |
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