Alert hit once it crossed $248 approaching the 200SMA@daily=$247.75 and the $247 level which is a major previous break-out level on daily (and door to big daily gap below).
Placed bids $246-247 area in anticipation of the flush and "technical reversal on the 15min",
got long Tier 0 as bids $246.55 and $247 got hit, risking wide stop $245.7s=0.5% of price below the support level, wanting to add more on right side, expecting the bounce back to VWAP.
Added another tier once it reclaimed $247, tightening stop to LOD=$246.3 and sat tight.
Sold some in-front of the intraday downtrend, more closer to the 9EMA@15min chart, held some for VWAP. Remained weak and got flat as it broke back below $248.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-01-14 12:38:56 | FB | buy | $247.060 | long |
2021-01-14 12:41:12 | FB | buy | $246.550 | long |
2021-01-14 12:45:58 | FB | buy | $247.230 | long |
2021-01-14 12:54:06 | FB | sell | $247.780 | long |
2021-01-14 12:57:01 | FB | sell | $248.400 | long |
2021-01-14 13:02:18 | FB | sell | $248.850 | long |
2021-01-14 13:15:15 | FB | sell | $248.490 | long |
2021-01-14 13:15:15 | FB | sell | $248.490 | long |
2021-01-14 14:22:30 | FB | sell | $247.870 | 0 |
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