Shared by
tee
Day Chart: earnings gap down, oversold bounce
Buy: Oversold, remount MAs. missed the proper entry signal around 1pm when price remounted 9 and 20, both holding as support. hesitated and saw that price was breaching VWAP while still holding 9 so I entered after pullback to support.
Order:
VWAP
price
9 (rising)
20 (rising)
stochastics (positive, over 80 line)
Sell: stopped out before 9 and 20 were lost.
Lesson: should have entered sooner to not have been flushed out on this dip. Also, the stock remounted the 9 and 20 but I wasnt convinced that I should re-enter. I thought if I did I was just being a chaser because there was no flag pattern there to justify a re-entry. Stock eventually hit my original target over 80s to low 81s.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-05-06 14:09:00 | FOSL | buy | $79.170 | long |
| 2015-05-06 14:31:00 | FOSL | sell | $78.990 | 0 |
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