This was a nice long setup after it broke out above the VWAP, I waited for a pullback and consolidation around the VWAP. Once it was able to consolidate and hold above the VWAP, I took the long setup buying at 3.30 just above the VWAP and almost immediately got a long push towards the premarket high of 4.00$. I sold at 6.70 knowing there was a ton of resistance at the 4.00$ level premarket, the stock popped above 4 quick, but then reversed and sold off hard. It got halted and I was looking to short it after it resumed but could not get shares to short. Here is my full recap,
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-10-21 09:51:32 | TGC | buy | $3.300 | long |
2020-10-21 09:51:32 | TGC | buy | $3.300 | long |
2020-10-21 09:51:34 | TGC | buy | $3.300 | long |
2020-10-21 09:52:45 | TGC | sell | $3.694 | 0 |
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