Shared by
Teyrex_Trading
I've been keeping my eye on ADN for a FGD bounce after it ran nearly 300% on the first run June 16th.
Today it broke out of it's down trend but ran into a multi day key line at $2.90 and pulled back to the lows. When I returned to my pc a few hrs later for the afternoon session the price action was right back near the 2.90 level. I took a trade through that level with a stop at $2.76.
Hrly macd was flipping bullish at the same time of day on entry.
My take profit zones:
First AVWAP from initial run at $3.26
Second at the High AVWAP at $3.44
I could have been more patent with a small piece for profit target 2.
Other then that I'm very pleased with this trade.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-06-22 14:36:50 | ADN | buy | $2.860 | long |
| 2022-06-22 14:40:45 | ADN | sell | $2.862 | 0 |
| 2022-06-22 14:51:06 | ADN | buy | $2.899 | long |
| 2022-06-22 14:57:30 | ADN | sell | $3.120 | long |
| 2022-06-22 14:58:51 | ADN | sell | $3.180 | long |
| 2022-06-22 14:59:45 | ADN | sell | $3.172 | long |
| 2022-06-22 15:01:19 | ADN | sell | $3.200 | 0 |
| 2022-06-22 15:34:42 | ADN | buy | $3.445 | long |
| 2022-06-22 15:35:37 | ADN | buy | $3.490 | long |
| 2022-06-22 15:36:44 | ADN | sell | $3.385 | 0 |
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