Shared by
diemo
Big Picture
SPY gaps down with a strong reversal opening
Intraday
VUZI - 2nd day earnings - Gap down very far - opens near critical level. Gapped down with the SPY.
Idea
There's a lot of room above the opening price. Price might move back up.
Execution
I entered at a potential new higher low above the level we broke before. Unfortunately VWAP was still under the level and couldn't give enough support. Second entry with more room for the price to catch up again.
Rating
6/10
- Good idea, but entered to early.
Chart
Learning
- If the price took a long way to break a level, it needs time to hold it.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-05-11 10:29:00 | VUZI | buy | $15.760 | long |
| 2021-05-11 10:30:00 | VUZI | sell | $15.350 | 0 |
| 2021-05-11 11:00:00 | VUZI | buy | $15.540 | long |
| 2021-05-11 11:11:00 | VUZI | sell | $15.880 | long |
| 2021-05-11 11:17:00 | VUZI | sell | $16.380 | 0 |
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