Daily: break above resistance level around $9.5 which was tested multiple times, strong previous day
Intraday: buy breakout above 9.5
My target was $11. Price pulled back before it hit my target but it was near VWAP so I held then sold into the bounce.
I missed the VWAP bounce play for afternoon run.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-03-28 09:31:27 | SHLD | buy | $9.530 | long |
2017-03-28 09:31:57 | SHLD | buy | $9.650 | long |
2017-03-28 11:04:07 | SHLD | sell | $10.650 | long |
2017-03-28 11:21:19 | SHLD | sell | $10.810 | 0 |
It wasn't from pre-market scanning. I had the ticker on my watch list with orders ready to buy.
After market close (previous day), I go through top gainers and look at their charts to see if there are potential trades for the next day and put the tickers on my watch list. SHLD was up yesterday and closed strong. I could see the resistance level around 9.5-9.6 so today I watched it from the open with the plan to buy the breakout over that resistance.
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Hey I'm wondering what scans you ran (if any) before the market to find this daily chart. Thanks.