Shared by
MikeD_BOWS_
UWT gapped up on the daily after flagging then breaking resistance. It was the second day of gapping up and the first day it didn't move much.
ORB on the intraday with slight pullback. Waited on a confirmation break of VWAP and entered. Sold a bit as it spiked up and raised my stop loss to buy point. Let it flag,then bought in more when the flag broke up but it ended up fizzling so I sold all.
Original stop 29.57 with risk of -$36, After last buy in stop was at 29.92 for gain of +$42.
I later bought in again as it started to spike off the 9 EMA but it flagged and looked weak so I sold and broke even on that trade.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2018-03-21 10:31:00 | UWT | buy | $29.750 | long |
| 2018-03-21 10:32:00 | UWT | buy | $29.720 | long |
| 2018-03-21 10:36:00 | UWT | sell | $30.030 | long |
| 2018-03-21 10:51:00 | UWT | buy | $30.120 | long |
| 2018-03-21 10:54:00 | UWT | sell | $30.050 | 0 |
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