Daily: breakout over downtrend line
Intraday: VWAP bounce
Nice breakout in the morning. I saw many biotech tickers running strong so I thought this one might run again in the afternoon.
Stock pulled back and consolidated over VWAP for a few hours. I was watching it for an entry and got in when it tested VWAP one more time and held. Good timing on this entry. I added in the tight flag with the 9 EMA coming up underneath. I scaled out 1/2 at HOD but I think I should have added some when price started going higher again.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-01-31 13:15:58 | XBI | buy | $63.300 | long |
2017-01-31 13:24:13 | XBI | buy | $63.338 | long |
2017-01-31 14:00:21 | XBI | buy | $63.632 | long |
2017-01-31 14:44:56 | XBI | sell | $64.280 | long |
2017-01-31 15:49:00 | XBI | sell | $64.910 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!