Went long for the break above VWAP. Was aiming for a price target of around 23 (premarket lows), but failed to break the 50 EMA on the 5 min. Exited just above the price level of 22.50 (likely due to price hesitation, I can't remember).
Looking at the chart, this formed a double bottom with support at 21.50. Given that it failed to break this level for 30 minutes, I could have taken an entry closer to this point.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-07-24 10:07:52 | INO | buy | $22.167 | long |
2020-07-24 10:08:39 | INO | buy | $22.286 | long |
2020-07-24 10:17:58 | INO | sell | $22.570 | 0 |
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