After a few days of sideways price action ACB was proving to me that this $8.00 line was holding up pretty well so I bought a small 500 share position for a longer term move but also watching the $7.80 area as my risk because it held that support 3 days in a row. I ended up getting a nice gap up the following 2 days where I locked in my profits of $513.35 (12% ROI) because the sector was looking like it was ready for a pullback.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-08-22 12:30:48 | ACB | buy | $8.090 | long |
2018-08-27 10:03:32 | ACB | sell | $9.140 | 0 |
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