JWN gapped down over night and I am not sure for what reason. Earnings, but can't recall.
However, I had 43.70 as a previous low and 44.60 also down for resistance above.
At the Open I used the 43.70 level for a starter and it spiked against me into 44.
It rejected and eventually traded down to 43 where I took a partial, but hoped for a roll over.
Should have taken it off. As it was just small size I let it play out to add to it around 44.60. Which I enden up NOT doing. Even thought there was a nice backside consolidation and it really looked like it would roll over.
When I saw 43.50 being strong support and buyers stepping in each time I took off the last piece. 40 target not hit...
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-01-16 09:30:00 | JWN | sell | $43.810 | short |
2019-01-16 09:36:00 | JWN | buy | $43.070 | short |
2019-01-16 11:11:00 | JWN | buy | $43.810 | 0 |
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