AZN Trade on Sep 16, 2020 10:15 from Runner73: Tradervue User Stock Trades.

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Runner73

 

I’m still with this AZN things, the stock traded in a range, trying to break above but every time its failed, making lower highs, so I noticed that bids can’t really sustain above 70 cents, offers can’t go above 72, stock is above pre market low(55.63), can’t really bounce off that level, so I got in at 69 cents for the break of the low, it came to 50 cents area, it held a 51offer and broke down to 48, at 48 cents I saw ton of bids and underlying bids, it held bid at 48, stepped to 49 held there and jumped to 51, i said ok, we have a good support area, pretty sure it’s gonna back to that area, and it did, it made a new low, at 44 cents, but here what I saw, you have a trading channel, like a tunnel, It has a channel 48bids and 50offers, for some time stock traded in this range, bids lost 48 and now the channel is 44bids and 48offers, so if stock want to continue go down it need to drop 44 bids, instead of this, bids jumped back to 48, so I covered it at 49 cents


Execution detail:

Date/time Symbol Side Price Position
2020-09-16 10:15:20 AZN sell $55.670 short
2020-09-16 10:27:37 AZN buy $55.490 0


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