Shared by
spyrosz
Rally into a massive prior daily/weekly support level R1=$68.5, with many longs trapped/bagholding at higher prices.
Premarket plan was to get "short" at the opening pop to R1=$68.5, risking tight stop above the level, expecting a brutal rejection and a sell-off lower towards the 9SMA@daily.
Played exactly per plan. Opened strong, popped to R1=$68.5,
got short Tier 0, risking above R1 $69.3s, expecting a brutal rejection and a move to yesterday's close=$66.2, then S1=$65.
(-) Could have added momo tier after lower high and VWAP loss
Covered small in-front of yesterday's close, got flat at target S1.
Nice trade:)
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-06-01 09:34:06 | APPS | sell | $68.400 | short |
| 2021-06-01 10:05:04 | APPS | buy | $66.310 | short |
| 2021-06-01 10:28:09 | APPS | buy | $65.540 | short |
| 2021-06-01 10:50:18 | APPS | buy | $65.110 | short |
| 2021-06-01 10:58:51 | APPS | buy | $65.040 | 0 |
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