➡ Took a short looking for this to pull back to VWAP and potentially break down lower.
➡ Stock recently ground back above VWAP and put in a high at $66.92
➡ Stock then flushed $1 and quickly regained the 9EMA
➡ On the 1m, the stock started putting in lower-highs and I took a position.
➡ Risking MAX $0.80 (back to the recent high) on this trade with exit target at VWAP (~$65.25, or better).
➡ This only gave me about a 1:1, so really needed the break below VWAP which eventually came, of course, but not before pulling back and I doubt I would have held through it especially going green to red. Taking profits...
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-10-23 13:59:01 | JKS | sell | $66.050 | short |
2020-10-23 14:15:40 | JKS | buy | $65.340 | 0 |
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