Shared by
ivanka_BOWS
On a daily chart - CEMP has been riding 20 SMA in an uptrend and also hitting the price resistance around $28.40ish a few times on 1/29, 1/30, and 2/2. it finished strong the previous day with the big price move up staying above 20 SMA.
Intraday (5-min) - It had a quick 2 candle-sell of, a big run to $28.80 and a low volume pullback to 9 EMA. I entered as a first pullback buy at $28.39, exit at $28.60ish.
Stop loss at $28.29 right under the vwap and 9 EMA, and target at previous HOD at $28.80.
So, basically I was risking 10c with the potential to make 40c (r/r was 1:4)
My exit was on a second red candle because my target was not reached.
I tried to play a few more pullbacks to MA before lunch time but nothing significant happened.
I stayed positive!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-02-17 10:30:29 | CEMP | buy | $28.390 | long |
| 2015-02-17 10:30:29 | CEMP | buy | $28.390 | long |
| 2015-02-17 10:44:42 | CEMP | sell | $28.590 | long |
| 2015-02-17 10:49:57 | CEMP | sell | $28.600 | 0 |
| 2015-02-17 11:00:20 | CEMP | buy | $28.600 | long |
| 2015-02-17 11:03:36 | CEMP | sell | $28.439 | long |
| 2015-02-17 11:03:42 | CEMP | sell | $28.455 | 0 |
| 2015-02-17 11:15:44 | CEMP | buy | $28.560 | long |
| 2015-02-17 11:17:20 | CEMP | buy | $28.555 | long |
| 2015-02-17 11:17:44 | CEMP | sell | $28.443 | long |
| 2015-02-17 11:26:29 | CEMP | sell | $28.650 | 0 |
| 2015-02-17 11:53:22 | CEMP | buy | $28.723 | long |
| 2015-02-17 11:53:22 | CEMP | buy | $28.730 | long |
| 2015-02-17 11:53:22 | CEMP | buy | $28.725 | long |
| 2015-02-17 11:53:54 | CEMP | buy | $28.714 | long |
| 2015-02-17 11:58:08 | CEMP | sell | $28.820 | long |
| 2015-02-17 12:04:06 | CEMP | sell | $28.900 | long |
| 2015-02-17 12:04:47 | CEMP | sell | $28.840 | long |
| 2015-02-17 12:04:49 | CEMP | sell | $28.841 | long |
| 2015-02-17 12:05:03 | CEMP | sell | $28.845 | 0 |
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