Nasty ER reaction and sell-off into confluence of support zone $141-146.5
a) bottom of 1-yr trading range/channel=$146.5
b) previous major break-out level=$141
c) ascending support line crossing around $143
-- I was definitely early on filler size - 1st entry in-front of $146.5s, added small at $145 at the close, risking $139s for whole size.
-- The gap-down right into $141 next day was easy long, Tier 0 bid got hit premarket, stop same below $139
-- Expecting strong bounce from this level into 9SMA@daily at a minimim.
-- 1st target 9SMA@daily, 2nd target $152s, maybe $157 if I get lucky (I will flip short if it gets there!)
Worked quickly, sold some $145s and $150s after quick 3-day bounce. Have remaining 50% on for 2nd target ($152s).
(-) Retracement and higher low at $142s, should have re-added some size, risking $140 low. Completely missed it.
Sold another 50% as it crossed 2nd target $152, will trail remaining and see if we can get $157s.
Flat at target. Excellent:)
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-01-21 09:47:46 | JPM | buy | $147.049 | long |
2022-01-21 13:27:01 | JPM | buy | $145.348 | long |
2022-01-24 09:00:02 | JPM | buy | $141.110 | long |
2022-01-25 15:38:16 | JPM | sell | $145.940 | long |
2022-01-26 09:48:02 | JPM | sell | $149.410 | long |
2022-02-04 15:30:43 | JPM | sell | $153.331 | long |
2022-02-08 09:31:54 | JPM | sell | $154.960 | long |
2022-02-08 09:37:37 | JPM | sell | $156.440 | 0 |
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