Support: 126.80 125 122.50
Resistance: 129.50 130.30 131.50 (close) 133.30 135.30
Out of the Open 126.80 held and gave support for the bounce. As VWAP was starting 127ish and close by I was patient here and did not sell into the first two spikes I saw. The first was dirty, but into 131.50 FB showed weakness, but I still waited for the break of 131 for an Entry, just to be caught in a fakeout. Stuck with it as I knew a pullback was due.
My first target at 130 was not filled and I pulled it. FB looked like to make another leg up, but I kept it to take my partial into 130 and 129.50 as final target with VWAP.
FB respected 130 and made a double top where I was faked out on the final piece instead of adding! I hesitated!
FB happened to make it to VWAP keeping me on the sideline. Early Exit as usual.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-11-20 09:47:00 | FB | sell | $130.891 | short |
2018-11-20 09:55:00 | FB | buy | $130.000 | short |
2018-11-20 10:04:00 | FB | buy | $130.899 | 0 |
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