Shared by
beno
Technical Analysis
-52 week lows
-Going parabolic at lunch time
-Strong resistance on daily from 2.6 to 2.8
Catalysts / News
Earnings: Q3 loss, EPS and Revenues beat estimates and up Y/Y
Original Plan / Strategy
Stock scanned after morning action, saw parabolic move and immediately checked for resistance on daily, plan was to short at first major resistance and to add through to next levels (2.6 to 2.8)
Review
Did a poor job at scaling in, could have added once I seen the trade start to work or on the 2.63 pop. Didn't bag hold this one and took my profits quickly as planned.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-11-05 12:39:27 | ACOR | sell | $2.590 | short |
| 2019-11-05 12:46:28 | ACOR | buy | $2.530 | short |
| 2019-11-05 12:52:09 | ACOR | buy | $2.510 | 0 |
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