Shared by
efernandes
Recent spiker that has been trading high volume and been holding near highs.
When it failed to breakout yesterday and had a fake spike in the morning, I figured this would be heavily shorted.
Ended up forming a descending triangle and holding yesterdays low as support.
Had multiple bottoms and finally cracked but instantly recovered.
When it broke the triangle trend, I got in.
Unfortunately I was a bit tilted b/c I missed multiple entries on $BFRI today and felt like I was wanting this to squeeze more than it was going to.
Ended up taking longer than I had hoped to go towards VWAP.
Ended up taking off most for break even and then sold when it cracked VWAP.
Stock ended up going to the resistance level from the day and closed above VWAP.
Could see this being a play next week if it continues to hold near highs.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-12-17 15:04:00 | SEAC | buy | $1.515 | long |
| 2021-12-17 15:23:00 | SEAC | sell | $1.522 | long |
| 2021-12-17 15:24:00 | SEAC | sell | $1.532 | long |
| 2021-12-17 15:30:00 | SEAC | sell | $1.520 | 0 |
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