Daily: bear flag break down
Intraday: VWAP test, triple tap bear flag, 20 EMA test
This stock broke down under daily 50 SMA on earnings and then slowly pulled back to test the breakdown point (~$18) and 50 SMA. Today it was breaking down on decent volume in the first 30 minutes. It had a gap below at 14.65 so I was looking to short. I was thinking about an attempt to test the gap, not that I was hoping for a gap fill because the move would be too extended when it reached the gap.
Entries:
- 1st entry when it pulled back to VWAP
- 2nd entry on triple tap setup with 20 EMA right overhead
- 3rd entry after the fake breakout over 20 EMA
Target 14.65 (top of the gap below)
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-11-16 10:58:33 | EXAS | sell | $15.931 | short |
2016-11-16 11:17:56 | EXAS | buy | $15.550 | short |
2016-11-16 13:10:26 | EXAS | sell | $15.510 | short |
2016-11-16 13:57:00 | EXAS | buy | $15.268 | short |
2016-11-16 14:25:07 | EXAS | sell | $15.270 | short |
2016-11-16 15:31:57 | EXAS | buy | $14.700 | 0 |
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