Very weak daily, looking ready to finally break the $15 support that buyers defend almost every single day now.
Below $15, next support at $14.3 area.
Opened weak and flushed right in-front of S1=$15.
VWAP was holding it down,
so I got long filler, risking yesterday's close=$15.2, for the VWAP Triangle Support Break, wanting to add size once it cleared $15 and held below.
Got stopped out.
Got up to a high of $15.35, but then reversed hard and tested S1=$15 once again.
I knew that pattern..That's a Desc. Triangle Support Break in the making.
Got long Tier 0 once it lost VWAP, risking HOD=$15.3, expecting the bounce from S1 and a lower high to add more.
CCL bounced from S1, leaked through VWAP and put a lower high at $15.25.
Added Tier I, risking very tight stop above the lower high, expecting the sell-off back to S1 to take some profit.
Rolled over back below VWAP but buyer was holding it above $15.02 where my bid was...
I held patiently all day, bailed at b/e.
Stays on watch for tomorrow.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-07-22 09:35:53 | CCL | sell | $14.992 | short |
2020-07-22 09:37:51 | CCL | buy | $15.205 | 0 |
2020-07-22 10:00:10 | CCL | sell | $15.100 | short |
2020-07-22 10:51:36 | CCL | sell | $15.170 | short |
2020-07-22 11:19:49 | CCL | sell | $15.200 | short |
2020-07-22 11:21:46 | CCL | sell | $15.230 | short |
2020-07-22 15:37:46 | CCL | buy | $15.178 | short |
2020-07-22 15:37:46 | CCL | buy | $15.180 | 0 |
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