Gap Down and Bounce...
EA reported Earnings and gapped down hard to find support 76ish and bounce. It was grinding higher towards The Open. In hindsight it did not make that run up that would have allowed for continuation lower.
I watched it at The Open, but my platform usually does not react during that time.
EA tested and rejected 81 hard and tested 78 to find support.
Wanted to take the breakout to highs on Crack of EMAs and VWAP above 79.10 for an Entry.
Bad fill as I was too slow taking the offer and got .25. Ouch. No fill on the offer for a partial below .50. Weakness and not what I wanted to see.
It moved too fast and erratic and was glad just for taking tiny size. Gave it a moment and retried for partial below half dollar. again no fill. Took the bid for half.
When it traded against me I placed an offer for rest break even. Got filled quickly.
Just chop. Good call. Worth a try.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-02-06 09:38:00 | EA | buy | $79.250 | long |
2019-02-06 09:40:00 | EA | sell | $79.390 | long |
2019-02-06 09:45:00 | EA | sell | $79.240 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!