Shared by
azamudio
$8 ATR. Up almost 2 ATRs after a gap down. TGT stated concerns on inflation and margins.
checks in favor:
-decreasing volume on move up
-negative comments from management
-overextended move up almost 2 ATRs
-rollover short pattern: unable to hold above 157.50. Made many attempts to move higher, then finally broke below the consolidation lows. 5 min indecision candles at the top. and failed bull flag pattern.
-good risk/reward to vwap.
Should have let the remaining shares go to vwap. +2.4R
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-06-07 10:56:15 | TGT | sell | $156.900 | short |
| 2022-06-07 11:04:22 | TGT | buy | $155.900 | short |
| 2022-06-07 11:09:07 | TGT | buy | $155.080 | short |
| 2022-06-07 11:17:05 | TGT | sell | $155.690 | short |
| 2022-06-07 11:19:37 | TGT | buy | $155.130 | short |
| 2022-06-07 11:21:54 | TGT | buy | $155.230 | 0 |
| 2022-06-07 11:22:58 | TGT | sell | $154.930 | short |
| 2022-06-07 11:22:58 | TGT | sell | $154.930 | short |
| 2022-06-07 11:25:12 | TGT | buy | $154.815 | 0 |
Comments
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Nice one! Had this one also. Like your checks in favor. I should be more specific here in the future too. Thanks for sharing