Shared by
spyrosz
Alert hit as it flushed thru S1=previous ATH and a major breakout level=$367. S2=20SMA@daily=$365.
Waited patiently for the reversal pattern to unfold as I didn't want to play games in the front-side:
-- Put a beautiful 30min doji candle below S1=$367
-- Got long filler size risking a bit wide below S2=$365.
-- Added Tier 0 as EMA@1min chart crossed each other and MA put a higher low, tightening stop to LOD=$366.
Broke the intraday downtrend, pushed to VWAP. Sold 50% there, held rest thinking $370+.
Brutal rejection at VWAP brought price back to S1=$367. Very weak tape, it became evident they will flush it lower. So I bailed.
2nd flush below S1, and instant remount for the rip to $370:/ This thing shouldn't go back below S1=$367 if it was truly special. Difficult trade on a difficult name.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-03-18 11:50:45 | MA | buy | $367.090 | long |
| 2021-03-18 11:50:56 | MA | buy | $367.120 | long |
| 2021-03-18 12:02:11 | MA | buy | $367.190 | long |
| 2021-03-18 12:05:18 | MA | buy | $367.050 | long |
| 2021-03-18 12:14:06 | MA | sell | $368.400 | long |
| 2021-03-18 12:14:07 | MA | sell | $368.400 | long |
| 2021-03-18 12:14:23 | MA | sell | $368.750 | long |
| 2021-03-18 12:15:08 | MA | sell | $368.750 | long |
| 2021-03-18 12:53:53 | MA | sell | $367.160 | 0 |
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