I thought this stock was a bull flag, but then noticed Kunal went short in the chat. This spooked me. Why was he short. was it from the gap down earlier.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-11-25 11:30:47 | WDAY | buy | $87.408 | long |
2014-11-25 11:53:36 | WDAY | buy | $87.168 | long |
2014-11-25 12:08:15 | WDAY | buy | $87.016 | long |
2014-11-25 12:10:04 | WDAY | sell | $86.818 | long |
2014-11-25 12:10:41 | WDAY | sell | $86.600 | 0 |
I like Kunal's analogy of collecting clues. The clues in this case:
Big gap down because of some earnings news.
Except for the big green dead cat bounce candle, all the biggest candles seem to be very wicky or big red ones
The trend of the day for this stock is DOWN
It's right at VWAP
The price area that this trade would have to move into to be successful is very messy for most of the day at this point in time(11:30am)
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I stayed away from this because pops were getting sold off and dips were getting bought. Tomorrow may be a better opportunity to trade this stock, but today it was just stuck in a range.