In a tight range after earnigs report.
R1=Day I HOD=$515, S1=mid-range support pivot/inflection point=$509, S2=lower boundary of long-term channel/uptrend=Day I LOD=$503. Break and hold below S2 and $495s in-play.
Weak action premarket trading just in-front of S2=$503. Premarket plan was to get "short" at the pop towards S1=$509, expecting to reject price, roll over, and try to clear S2 and move lower.
Opened strong, popped towards S1, but couldn't push past $508. Got short half-Tier 0, risking stop above S1=$509, added full Tier at the lower high+VWAP rejection, tightening stop to lower high, expecting to test S2=$503 at a minimum.
Covered small at opening print, more right into target.
Stopped out of the rest. Maybe I should have tighten stop more, closer to VWAP. Looks like I gave it too much room.
Small winner.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-04-28 10:02:19 | NFLX | sell | $506.700 | short |
2021-04-28 10:02:19 | NFLX | sell | $506.700 | short |
2021-04-28 10:02:19 | NFLX | sell | $506.700 | short |
2021-04-28 10:22:55 | NFLX | sell | $505.770 | short |
2021-04-28 10:26:19 | NFLX | buy | $504.250 | short |
2021-04-28 10:35:11 | NFLX | buy | $503.550 | short |
2021-04-28 11:09:18 | NFLX | buy | $506.886 | 0 |
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