Retraced 50% of the COVID move, now in-front of serious confluence of support=$40
a) Nose-dive & extention into major previous break-out level=previous long-term resistance pivot=$40. 200SMA@weekly also sitting $41
b) Extended in the weekly
-- Got long right before the close as it flushed right into the level, risking 1xATR=2.0 lower $38s
-- Expecting buyer to show up and hold above the level, slowly working its way higher by reclaiming the
03-09/14/2022
Selling some size here, playing defense in-front of 9SMA@daily which seems to hold for now.
Tighted stop to $39.
03-22-2022
Sold more, market getting over-extended here, GM showing some relative weakness.
03-28-2022
Exactly what I should have done with $PYPL (instead of getting flat). $GM holding higher, building base, looking ready to move higher.
-- Re-loaded long one Tier, tightening stop for whole size below base $42.9
-- Target remains 9SMA@weekly and $46-47 area
03-29/30-2022
Sold bulk at target.
04-01-2022
Flat small trailer as it broke previous support pivot and lost daily MAs.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-03-07 15:07:57 | GM | buy | $40.060 | long |
2022-03-09 10:01:06 | GM | sell | $42.124 | long |
2022-03-14 10:30:17 | GM | sell | $42.111 | long |
2022-03-14 11:58:19 | GM | sell | $41.345 | long |
2022-03-14 11:58:19 | GM | sell | $41.345 | long |
2022-03-22 10:59:38 | GM | sell | $44.585 | long |
2022-03-22 11:00:09 | GM | sell | $44.520 | long |
2022-03-22 11:00:09 | GM | sell | $44.520 | long |
2022-03-28 15:23:46 | GM | buy | $43.965 | long |
2022-03-29 09:31:03 | GM | sell | $45.760 | long |
2022-03-29 09:33:48 | GM | sell | $45.870 | long |
2022-03-29 09:51:22 | GM | sell | $46.420 | long |
2022-03-29 09:54:23 | GM | sell | $46.220 | long |
2022-03-30 15:23:14 | GM | sell | $45.092 | long |
2022-04-01 11:28:03 | GM | sell | $42.970 | long |
2022-04-01 11:28:03 | GM | sell | $42.970 | 0 |
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