SRNE sold off at opening bell and created a double bottom with the second low being lower than the first, but both failed to hold below 11.75. A higher low was later created around 10.40am which caught my attention. I entered long for the break of VWAP and exited near a resistance level created earlier in the morning with the 9:40am candle that tried to break above VWAP but sold off.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-08-14 10:49:03 | SRNE | buy | $12.144 | long |
2020-08-14 10:49:10 | SRNE | buy | $12.190 | long |
2020-08-14 10:50:40 | SRNE | buy | $12.148 | long |
2020-08-14 11:08:34 | SRNE | sell | $12.410 | 0 |
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