Another stab at $BABA when it tested and looked like it respected its 143 support level.
It did not and after a spike higher it tested below 143, made an attempt higher. I did not take any partials as I was going for a bigger bounce. In case it would go lower I would add at around 142.
$BABA turned out to move slower than I thought and tested just below 142.50s. No add, but I let it play out and kept it in the background.
After it bounced and go close to VWAP but showed some weakness just below 143.50 I took off half just in case it would reverse and to look in a profit.
$BABA tested and reversed at VWAP to test and respect 142.50.
After 11 I decided to call it a day and finish the day green. Market was moving slowly and not being the best player I did not wanted to risk any of my profits.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-10-15 10:04:00 | BABA | buy | $142.980 | long |
2018-10-15 10:34:00 | BABA | sell | $143.450 | long |
2018-10-15 11:06:00 | BABA | sell | $142.980 | 0 |
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