JMIA sold off in the morning with a 2 legged ABCD pattern. Price reversed to the 200 EMA on the 5 min and found support at the 18.80 level. Waited for an entry until it was above all the moving averages and then entered long with an inital 200 shares. Added an additional tier when the price continued. Sold all when price hesitated at 20.25 for several moments with the expectation of a reversal (which followed).
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-08-10 11:49:11 | JMIA | buy | $19.699 | long |
2020-08-10 11:50:36 | JMIA | buy | $19.820 | long |
2020-08-10 12:09:49 | JMIA | sell | $20.251 | 0 |
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