KSS initially sold off premarket, then spiked at opening bell. I took it long once it broke above all moving averages that could have been resistance. Price target was the 200 ema on the 5 min, however momentum stalled and selling took over. Exited on the loss of momentum.
From 9:40 until 10:30, price failed to break above 19.70 with each candle having a long upper wick. By 10:45, lower highs set in and this would have been a good place to get short. LUV closed near LOD.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-08-20 09:36:13 | KSS | buy | $19.369 | long |
2020-08-20 09:38:49 | KSS | buy | $19.350 | long |
2020-08-20 09:41:04 | KSS | buy | $19.510 | long |
2020-08-20 09:47:55 | KSS | sell | $19.571 | 0 |
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