The stock was gapping down in pre market following earning results, and it bounce back from the $65 level to $75. While i missed the top reversal set up at $75, i waited to see if it will break the $72 level.
As soon i saw on the tape it was about to break support with a tweezer top forming on the 1 min chart, i enter the short.
1st PT around the $70.5 with 2 more along the way to the $68.
I wanted to leave the last 10% for a further downside during the rest of the session, but i adjusted my stop to the wrong level and it got triggered.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-11-26 09:32:58 | PDD | sell | $72.140 | short |
2021-11-26 09:33:57 | PDD | buy | $70.630 | short |
2021-11-26 09:39:24 | PDD | buy | $69.460 | short |
2021-11-26 09:40:22 | PDD | buy | $68.100 | short |
2021-11-26 09:46:36 | PDD | buy | $69.800 | 0 |
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