Shared by
A-K_MoneyBagz
I am an RSI reversion to mean trader. I usually day trade. So for this one I simply saw a gap up. This was due to West Fraser Timber gets joint takeover offer from CVC, Kronospan. Nothing WAS agreed to which created a great short opportunity. The hourly RSI showed it was RIPE for a short so I pulled the trigger. Worked out very well!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-07-19 09:30:59 | WFG | sell | $102.310 | short |
| 2022-07-19 10:03:05 | WFG | buy | $97.470 | 0 |
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