Shared by
spyrosz
On main watch for continuation to the downside after the gap-down on what I thought was a terrible earnings report (posting a -40% revenue Y/Y and a significant revenue miss, gross margin below est.).
It was looking ready to break-thru the low at earnings day=$32 and continue filling the daily gap at $30.5. S1=LOD on earnings day=$32 which was the major trigger.
Opened weak and flushed right thu S1=$32.
Got short filler at the retracement to S1=$32, risking VWAP, expecting to reject price at S1=$32 and move lower. If it wanted to move lower, it should not reclaim S1 and trade above.
No bueno and filler size loss.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-02-05 09:39:11 | HOG | sell | $31.950 | short |
| 2021-02-05 09:41:37 | HOG | buy | $32.210 | short |
| 2021-02-05 09:51:49 | HOG | buy | $32.405 | 0 |
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