Can't get easier+cleaner than that.
-- Daily chart: Came down from $115 to $94.5 MAJOR daily level (acting as HUGE resistance before, now support)
-- Intra-day =Bull-flag below R1
-- Strong open and sharp move away from price on big volume
-- Push to R1=$95.6
-- Pullback to VWAP on lower volume
-- Showed extreme relative strength vs market (SPY, QQQs) which was tanking same time. JPM was holding above VWAP easily...
Got long Tier 0, risking below $95s, expecting break of R1 and push to R2=$96.4s.
Added another tier through R1, risking same stop.
Small profit at $96 whole number, profits in-front of R2=$96.4s, all-out in-front of R3=$98.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-06-25 09:54:05 | JPM | buy | $95.500 | long |
2020-06-25 09:54:06 | JPM | buy | $95.500 | long |
2020-06-25 09:56:52 | JPM | buy | $95.640 | long |
2020-06-25 10:00:51 | JPM | sell | $95.980 | long |
2020-06-25 10:03:47 | JPM | sell | $96.290 | long |
2020-06-25 10:06:45 | JPM | sell | $96.331 | long |
2020-06-25 10:13:11 | JPM | sell | $96.890 | long |
2020-06-25 10:29:37 | JPM | sell | $97.880 | long |
2020-06-25 10:32:47 | JPM | sell | $97.525 | 0 |
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