This one was tricky one. Earnings were good and I had 46.30-46.50 as support, and 47.50-48 as resistance on my prep work. (I am getting close to being stopped out on the first hour so I have decided to wait at least until 10:15 am for price action to confirm on all my ideas before placing trades, reason why when I saw this stock cross over resistance and then consolidate at 48, I did not go long).
By the time I had planned to take trades (after 10:15) the stock had already made its high of the day, so I identified 48.43 as possible support for a move back to the highs, however, the stock kept drifting lower and I was stopped out.
Making the review I think I did not consider that 48.80 was prior resistance so a move lower was possible.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-04-20 11:58:23 | HAL | buy | $48.460 | long |
2015-04-20 12:32:51 | HAL | sell | $48.300 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!