Shared by
kylejensen34_BOWS
Daily Setup: Earnings Gapper
Intraday Setup: Beak out of intraday trendline into consolidation flag with 9EMA rising below
Entry: $34.05 Target: $34.35 Stop: $33.90 r/r: 2:1
Detail: Bought after stock broke downward trendline and started consolidating with 9EMA rising below. Stopped out when VWAP and all MAs failed to hold price up.
Takeaway: Should have scaled out a few when it hit the previous high of 34.16 to at least book some profits. Reversed immediately after stopping me out too, though I didn’t think my stop was too tight.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-11-04 11:33:46 | SYY | buy | $34.050 | long |
| 2013-11-04 12:22:57 | SYY | sell | $33.900 | 0 |
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Just didnt have the juice.. price resistance on daily chart holding it back.