Well, that didn't work out.
Support: 148.50 147 146
When I saw FB test 149, bounce, test it again, break and immediately lift that level, I wanted to take the backside re-test of 149 for an entry and bounce.
That didn't work out and I hesitated to take my loss as I thought it might test .90 before the bounce. That did not happen and FB sold off. FB was trading slow and I was not very worried.
I thought about adding at 148.50 support, but that was never tested and FB spiked into a level above. I think it was the .60s.
On the spike above 149 I took a partial for a run higher to eventually stop out the rest at break-even.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-01-22 11:57:00 | FB | buy | $149.040 | long |
2019-01-22 12:07:00 | FB | sell | $149.140 | long |
2019-01-22 12:12:00 | FB | sell | $149.030 | 0 |
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