2-month consolidation just below ATHs=$124, tried to resolve to the upside but failed to hold prices and quickly rolled over back to base/support $116.5.
Sellers managed to push it below R1=major daily support level=bottom of recent consolidation=$116.5.
Today it would open right into R1=$116.5. Premarket plan was to get "short" close to R1=$116.5, risking 1% of price higher $117.5s, expecting trapped longs at higher prices to unload some.
Played per plan. Opened just below R1,
Got short filler size risking wide stop $117.5s, added Tier 0 once it rolled over, losing VWAP + R1, tightening stop to HOD=$117.2, wanting to cover at S1=yesterday's close=$115.
Moved lower quickly, added one momo tier as it looked ready to break the flat-line consolidation above S1=yesterday's close=$115 and go to target, risking tight stop $115.8s for the add,
but got stopped out quickly here.
The rally back to VWAP+R1 was a gift to add another tier to core, risking tight stop above R1=$116.5, expecting to revisit LOD at a minimum.
Cover small in-front of LOD, bulk at target.
Held small size as swing short:
-- Remained weak, closed at LOD, below VWAP, below S1.
-- Green on the name
-- Less than 50% of original size
-- Daily chart potential all the way to $113.5-114 zone
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-05-24 09:30:22 | BBY | sell | $116.250 | short |
2021-05-24 09:46:02 | BBY | sell | $116.480 | short |
2021-05-24 09:46:02 | BBY | sell | $116.480 | short |
2021-05-24 10:27:49 | BBY | sell | $115.380 | short |
2021-05-24 10:44:05 | BBY | buy | $115.850 | short |
2021-05-24 11:05:57 | BBY | sell | $116.200 | short |
2021-05-24 12:24:32 | BBY | buy | $115.380 | short |
2021-05-24 12:35:59 | BBY | buy | $115.060 | short |
2021-05-25 09:54:07 | BBY | buy | $114.110 | short |
2021-05-25 10:26:00 | BBY | buy | $114.940 | 0 |
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