Very strong open, breaking above major resistance level R1=$32.
I liked the continuation wedge it was putting below R3=$33.5, but it was extended on the 15/30/60min timeframes so I stayed away...
Good thing, since it made a pullback to the previous break-out level $32.5.
I saw it curling up crossing VWAP with HUGE volume coming in,
got long Tier 0, risking $32.3 (low of break-out marubozu candle of $32.5 level in the morning), expecting a push to HOD at a minimum.
Sold small in-front of HOD, at $33.5, $34 and in-front of R4=$34.5 which is major daily resistance level.
Held some size for a swing. Huge daily window up to $37.5s..
I got shaken out next day for good...This thing came back all the way to $32 support before rallying back to $34...
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-07-08 11:31:29 | WORK | buy | $32.715 | long |
2020-07-08 11:31:31 | WORK | buy | $32.720 | long |
2020-07-08 11:38:36 | WORK | sell | $33.050 | long |
2020-07-08 11:47:08 | WORK | sell | $33.400 | long |
2020-07-08 12:31:37 | WORK | sell | $33.990 | long |
2020-07-08 15:59:43 | WORK | sell | $34.230 | long |
2020-07-08 15:59:43 | WORK | sell | $34.230 | long |
2020-07-09 09:31:33 | WORK | sell | $32.780 | 0 |
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