Shared by
tr4dr
-low float daily chart resistance breakout-
used 6.75 area yday highs as key level. I knew it was squeezing and if it consolidated at/around 6.75, it could have another leg up bought when i saw previous two 5 min candles wicking out below the level but closing back above it. at this point i thought the selling was complete. i bought using VWAP over under as guide/risk. sold some as it approached HOD and then more as it moved closer to previous resistance 7.70. when it broke trend i added more on the hard drop to VWAP for a quick scalp bounce/retest of trend to sell remainder of position into. would have liked to short where i sold my last shares (flipped position)but had no borrows.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2018-06-25 10:04:00 | ABIL | buy | $6.760 | long |
| 2018-06-25 10:06:00 | ABIL | sell | $7.048 | long |
| 2018-06-25 10:10:00 | ABIL | sell | $7.122 | long |
| 2018-06-25 10:13:00 | ABIL | sell | $7.340 | long |
| 2018-06-25 10:29:00 | ABIL | buy | $6.939 | long |
| 2018-06-25 10:33:00 | ABIL | sell | $7.050 | 0 |
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