Shared by
Defy
Earnings beat | expected 0.56 / beat 0.73 prior year 0.35
- did miss on sales but still better then prior year with 1.38 bil vs 1.35 bil
PLAN
- was looking for gap up then hold prior days high and push towards 24's
TRADE
- opened up high and then held over the previous day highs. I tried to get in the second candle but didnt get filled, causing me to chase alittle but volume was there so I felt confident.
-got in and held around 23.90-24 area, noticed a ton of orders on the 24 area and they just werent going away, it tested about three times then I decided to get out.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-01-06 09:35:00 | CMC | buy | $23.958 | long |
| 2020-01-06 09:44:00 | CMC | buy | $23.919 | long |
| 2020-01-06 09:45:00 | CMC | sell | $23.877 | long |
| 2020-01-06 09:46:00 | CMC | sell | $23.866 | 0 |
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