Reversal trade
Finally, price has stabilised and started to form higher highs and higher lows. Entered at the mini flag and seeing 43 psych number prints.
The plan was to exit some at the VWAP and higher if it gives but big fat ass seller saw around 43.3 and he was able to push the price lower so took some off. Was hoping for buyers to step back in, gave them a chance but stock just trended lower low. Took it off after failing to hold 43.2 (presence of aggressive buyers earlier)
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-06-20 13:59:07 | ORCL | buy | $42.990 | long |
2018-06-20 14:01:45 | ORCL | buy | $43.050 | long |
2018-06-20 14:07:31 | ORCL | sell | $43.280 | long |
2018-06-20 14:22:19 | ORCL | sell | $43.100 | 0 |
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