One of the few names showing extreme relative strength-holding exceptionally well & actually advancing vs overall market. R1=$63.5 with R2=huge daily-magnet level=$66.5.
Premarket plan was to get long only if it cleared and held above R1 for the move to R2.
Opened strong and pushed thru R1 on good RVOL>1.0.
Got long Tier 0 at the backtest of R1, risking LOD=$63, expecting to bounce, retest HOD, then move towards R2.
Sold small in-front of HOD. It failed to lift-off as market was taking another hit.
Lost R1 and I stopped out for a papercut (< than filler).
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-03-05 09:36:11 | LYFT | buy | $63.550 | long |
2021-03-05 09:42:56 | LYFT | sell | $64.630 | long |
2021-03-05 09:56:39 | LYFT | sell | $62.790 | 0 |
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