After gapping up, this one tried to spike at the open but quickly failed and then faded. After it consolidated under the 9EMA and 20EMA, I set my entry on the break below the previous low which was 7.94. I was set to get in at 7.93, and it did but slipped down to 7.86 in the process. But was still looking good. I continued to drop. I set my target at 7.71 because the previous day high was 7.70. I expected some support at that level. It looks like I was right. It kicked me out at 7.71 on its way down. Got down to 7.62 in a hurry, but then bounced back up and recovered back up to 8 and now consolidating around 7.85. Happy with this trade. Good setup, had my stops in place and a clear target.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-03-10 11:08:50 | BBW | sell | $7.870 | short |
2021-03-10 11:08:50 | BBW | sell | $7.870 | short |
2021-03-10 11:08:50 | BBW | sell | $7.870 | short |
2021-03-10 11:08:50 | BBW | sell | $7.870 | short |
2021-03-10 11:08:50 | BBW | sell | $7.870 | short |
2021-03-10 11:08:50 | BBW | sell | $7.860 | short |
2021-03-10 11:08:50 | BBW | sell | $7.860 | short |
2021-03-10 11:08:50 | BBW | sell | $7.860 | short |
2021-03-10 11:19:06 | BBW | buy | $7.710 | 0 |
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