Shared by
sk6345
20 sma bounce to the downside on the daily. Sold into the stock once I saw 9 ema curling down on top of price about to cross below the vwap, price pulled back near the 9 ema creating a new resistance level, and a red candle was hold that resistance. Entered the position, and price continued to consolidate as the 9 ema moved closer to the price. Then price flagged again. I waited it out until price started make big moves to the downside. Then I began to buy back shares.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-12-12 10:01:00 | YY | sell | $43.450 | short |
| 2016-12-12 10:43:00 | YY | buy | $43.260 | short |
| 2016-12-12 10:53:00 | YY | buy | $42.910 | 0 |
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