I thought this was worth a shot. I saw that it still had some room to retrace after those two huge candles from the morning. The price action also looked like there was more selling strength, even though the relative volume died down. I thought it was just resting for the time being.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-28 12:44:31 | DDD | sell | $77.490 | short |
2014-01-28 12:44:31 | DDD | sell | $77.490 | short |
2014-01-28 12:44:44 | DDD | sell | $77.430 | short |
2014-01-28 12:44:55 | DDD | sell | $77.510 | short |
2014-01-28 13:18:07 | DDD | buy | $77.642 | short |
2014-01-28 13:18:11 | DDD | buy | $77.710 | short |
2014-01-28 13:18:11 | DDD | buy | $77.720 | 0 |
Shorting late in the day on 1st up day after oversold , not much probability there.
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!
Daily chart is very oversold.