MBOT had a strong premarket where it pushed up through the 10.95 and continued to the 12.71 level, followed by an immediate pullback that created a shooting star-like candle. At opening bell, MBOT opened weakly and immediately sold off below vwap. Support was found near the 10.00 level, and I entered long for a break above the moving averages following a double bottom that formed. The next candle following my entry was a bearish engulfing candle which stopped me out. Valid setup, though my entry could have been a bit earlier around 10.30. Exit was decent.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-08-17 10:59:58 | MBOT | buy | $10.534 | long |
2020-08-17 11:04:30 | MBOT | sell | $10.146 | 0 |
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