Premarket gapper making lower highs and lower lows. Entered the trade once it broke the LOD, 9EMA and VWAP so I was expecting the bigger movement on the downside but it just bounced off the 20EMA acting as a support.
Perhaps I should have waited for a 20EMA to crack as well as additional confirmation?
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-02-07 11:17:11 | GPS | sell | $41.937 | short |
2014-02-07 11:17:12 | GPS | sell | $41.940 | short |
2014-02-07 11:17:12 | GPS | sell | $41.940 | short |
2014-02-07 11:17:13 | GPS | sell | $41.940 | short |
2014-02-07 11:35:23 | GPS | buy | $42.140 | short |
2014-02-07 11:35:23 | GPS | buy | $42.140 | short |
2014-02-07 11:35:23 | GPS | buy | $42.140 | 0 |
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