Shared by
Teyrex_Trading
Yesterday AGRX ran premarket but it did so topping out into the key AVWAP lines from the R/S day and at the open was unable to reclaim that level, basically sold off the rest of the day on high volume, which is odd when a float is low like this one at 4mil.
So fast forward to todays premarket and I received an alert that was set on the AVWAP. it was gapping up very nicely AND on the pull backs that AVWAP area was acting as now support.
My game plan after the open was to watch to see how any pullbacks held at 1.60-1.50 and it bounced right away off that level and pushed to HOD. My plan was to take an entry into a pullback and had $1.50 ( that R/S AVWAP as my stop zone).
I played it well, however when I look back at the size I took for my risk was still undersized.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-06-28 09:33:48 | AGRX | buy | $1.780 | long |
| 2022-06-28 09:34:50 | AGRX | sell | $1.732 | long |
| 2022-06-28 10:06:38 | AGRX | buy | $2.148 | long |
| 2022-06-28 10:20:51 | AGRX | buy | $2.190 | long |
| 2022-06-28 10:22:43 | AGRX | buy | $2.378 | long |
| 2022-06-28 10:23:01 | AGRX | sell | $2.392 | long |
| 2022-06-28 10:24:00 | AGRX | sell | $2.414 | long |
| 2022-06-28 10:26:45 | AGRX | sell | $2.620 | long |
| 2022-06-28 10:28:17 | AGRX | sell | $2.610 | long |
| 2022-06-28 10:34:19 | AGRX | sell | $2.712 | long |
| 2022-06-28 10:54:15 | AGRX | sell | $2.530 | 0 |
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