Daily:
Price levels: 18.94, 16.99
Inst. Ownership: 46.50%
ATR: 1.6
AVOL: 9.3M
VOL: 47.7M
Float: 157.76M
Short float: 23.20%
Intraday:
On daily chart, price gapped up above resistance at 17.00. On open, price rallied to 19.50, but created a double top with the second high being on lower volume. I started watching the ticker when price was at the 50 ema on the 5, and got short for a death cross. I decided to add when I saw more weakness in the tape (price did a tiny pull back and then sold off back to the 50 ema on the 5). Took profit once price created a "doji" like candle and formed a new 5 min high.
areas of improvement
- Ideally an entry would have occured at the break of VWAP, but i wasn't watching the name at that time. For a death cross, my entry was fine.
- Profit target was the 17.00 level, but signs of strength appeared when price formed the doji and the new 5 min high occurred (also near a premarket level).
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-08-10 10:36:08 | FSR | sell | $17.733 | short |
2021-08-10 10:41:11 | FSR | sell | $17.730 | short |
2021-08-10 11:15:24 | FSR | buy | $17.350 | 0 |
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