I am an RSI reversion to mean trader. I usually day trade. So for this one I simply saw a gap up, to a great resistance area. The news was okay, nothing to justify such a pop in this stock, especially given current market conditions. The RSI coming up to power hour was reading as heavily over bought so I pulled the trigger. Worked out very well, gapping down the next morning!
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-06-15 14:41:26 | SNOW | sell | $122.790 | short |
2022-06-16 09:30:02 | SNOW | buy | $118.370 | 0 |
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