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Oct 16, 2020 09:38


Short Term Level as Resistance VWAP Resistance

68.50 was the most recent spike or local high from the daily on this. I decided to work this short although the first move suggested to long this off VWAP or the pulled back into the PM high. It was the next couple of minutes when I could see the offers get heavy at and above 69 as this was looking to try and regain that level. I took it as it flush away and into 68.50. I had enough presence of mind to add on the subsequent retest of VWAP. I was able to close the add out below the original entry leaving me with a good cost average on the remaining 2/3 of the position. I did commit to taking this off at 68 for a solid opening trade.

Execution detail:

Date/time Symbol Side Price Position
2020-10-16 09:38:06 CHWY sell $68.446 short
2020-10-16 09:40:17 CHWY sell $68.845 short
2020-10-16 09:41:47 CHWY buy $68.353 short
2020-10-16 09:42:13 CHWY buy $68.303 short
2020-10-16 09:43:14 CHWY buy $67.970 0

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