Tags:
Another RSI divergence... This is indicating slowing momentum while the price is increasing. VZ made a huge run today while T stalled around 31.5 area all day. Forming a rising wedge with a hanging man (red) candle at the top. This will be a nice retrace back to at least 29 level.
TARGET: 29
RISK: 31.5
Stair Step Stops
5m:
EXIT: Moved my stop in a stair step stop pattern. VERY good discipline yesterday when it was hitting VWAP and refusing to give into my fear. This morning the final stop loss was place just at the HOD. Another stop loss could had been place just at 30 to secure MORE gains... Look to move stops around whole numbers if price action goes through.
5m
Execution detail:
Date/time | Symbol | Qty | Price | Position |
---|---|---|---|---|
2019-01-08 15:01:55 | T | -300 | $31.155 | -300 |
2019-01-10 11:07:18 | T | 100 | $30.245 | -200 |
2019-01-10 11:07:18 | T | 100 | $30.245 | -100 |
2019-01-10 11:07:18 | T | 100 | $30.245 | 0 |
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