Saw this name got beat up yesterday. Had a decent ATR too at $11, so was expecting somewhat of a decent move.
My entry was at VWAP while it was consolidating. Was looking for a Price Target of around $142.50, then 2nd target at $149.50.
Put my stop-loss right under VWAP, and got stopped out.
Now what I did wrong was I didn't get in the trade at the Daily support level I wanted. I wanted $137, it only got to $138.50. And I entered at $140. So not according to my plan. But the consolidating over VWAP was a nice catch. Just didn't work out. Didn't have the volume. Need to look at my scanners for "Stocks In Play" this one was my fault.
5/10
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-11-16 10:10:02 | SPLK | buy | $140.250 | long |
2021-11-16 10:42:01 | SPLK | sell | $139.800 | 0 |
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