TSLA gapped up after preponed Earnings
That I kind of expected. Why else would the prepone their Earnings if not for positive news?
I had the 310.50 to 311.50 Level with its SMA100 and SMA200 written down for a general line in the sand.
For Support I had 307, 300 and 295 and for Resistance my Levels were 326/334 (Gap), 342 and 350.
To be honest, I wanted to see a test of its SMA200 before going long and expected a selloff to that Level out of the Open.
When $TSLA looked like it stalled at the Open, I initiated a short rather erratic and kind of regretted it the first moment, but stuck to it with a 321 Level above for an add. To lift my average above VWAP and a possible retest of it on a pullback or even crack to the SMA200.
I missed the 321 test being occupied with other trades.
When I saw TSLA sell off hard and crack VWAP I took a partial at premarket lows below 315 and the last piece off on the spike down to the SMA200. Not expecting it would crack. Wow. What a move in minutes.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-10-25 09:30:00 | TSLA | sell | $317.730 | short |
2018-10-25 09:32:00 | TSLA | buy | $311.500 | short |
2018-10-25 09:32:00 | TSLA | buy | $314.520 | 0 |
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