Shared by
efernandes
Recent runner that squeezed yesterday.
Opened weak and looked like a FRD.
When support was holding and looked like it was getting closer back to VWAP, I thougth it could squeeze and end up going even higher on the #3.
Bought the triangle trend break.
Sold into the R2G move and then at resistance.
WAs hoping for it to consolidate and breakout again but forgot that this was a FRD pattern.
Stock ended up falling and I got out for breakeven.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-09-22 09:54:00 | CRVS | buy | $8.268 | long |
| 2021-09-22 09:58:00 | CRVS | sell | $8.471 | long |
| 2021-09-22 09:58:00 | CRVS | sell | $8.750 | long |
| 2021-09-22 10:07:00 | CRVS | sell | $8.220 | 0 |
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