Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-Sep 22 2020: Aligns Product Strategy With New Flash and HDD Business Units; Hires Industry Veteran Robert Soderbery as Executive Vice President and General Manager of Its Flash Business
Technical Analysis
-SPY pattern: Fade
-Intraday pattern: Parabolic Fade
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: Distribution
Confluence: VWAP
Strike Zone: 39.95 - 40
Sizing (lots + emergency): 250
Risk (stop / Rs): Hold above 40 / reclaim of floor
Review / Lessons Learned
Down leg was more grindy then anticipated, it made a micro HH so I cut at B/E, ended up testing the floor 4 times before making a meaningful decent to my original target
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-09-23 10:53:27 | WDC | sell | $39.930 | short |
| 2020-09-23 11:00:18 | WDC | buy | $39.938 | 0 |
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