Shared by
spyrosz
Big gap-down after earnings.
Day I (earnings report) LOD=$145.5.
Day II-V LOD=$145.5.
If this thing could break and start holding below $145-145.5, it could see lower prices, magnet being the $141.8-14 low after the earnings gap-up. One problem though: It would have to break thru the 20SMA@weekly=$143.7 which supports the overall trend.
Opened weak and broke thru $145.5 with some authority today. Reamined weak, holding below VWAP and rejecting the m.average twice to the penny, so
got short Tier 0, risking the latest rejection at $145, added two momo tiers for the break of LOD=$144.3, risking tight stop $144.5 for the adds, expecting the momo sell-off to $143 for starters.
Very choppy & squeezy around the 20SMA@weekly (as expected), tried to make most of it, but once it held $143.5 and moved higher despite having market alignment, it was time to re-evaluate thesis + bias.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-02-11 11:18:53 | QCOM | sell | $144.462 | short |
| 2021-02-11 11:31:46 | QCOM | sell | $144.360 | short |
| 2021-02-11 11:44:19 | QCOM | sell | $144.330 | short |
| 2021-02-11 11:44:19 | QCOM | sell | $144.320 | short |
| 2021-02-11 11:44:19 | QCOM | sell | $144.320 | short |
| 2021-02-11 11:55:03 | QCOM | buy | $144.170 | short |
| 2021-02-11 12:00:14 | QCOM | buy | $144.445 | short |
| 2021-02-11 12:00:14 | QCOM | buy | $144.440 | 0 |
| 2021-02-11 12:15:09 | QCOM | sell | $144.250 | short |
| 2021-02-11 12:18:01 | QCOM | buy | $144.050 | short |
| 2021-02-11 12:18:01 | QCOM | buy | $144.050 | short |
| 2021-02-11 12:23:18 | QCOM | buy | $143.810 | short |
| 2021-02-11 12:39:40 | QCOM | buy | $144.270 | 0 |
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