Big gap-down after earnings report that sellers managed to protect. Rejected $67 the previous two days, and today it looked like it wanted to head lower.
It flushed below S1=previous two days LOD=$66.2s, held below, got a brutal rejection at VWAP, and as it looked ready to break lower,
got short filler size risking the previous wick to VWAP, wanting to add main size thru $66, expecting the move to S2=$65-65.5s, then S3=$64 if it really wanted to go there.
I hate the name as a trading vehicle, so I was very patient with size.
Good thing as I got stopped out few minutes later.
Papercut.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-03-19 11:10:14 | ORCL | sell | $66.080 | short |
2021-03-19 11:21:34 | ORCL | buy | $66.348 | 0 |
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