Stock released earnings today. Didn't have the greatest daily chart as there was quite a few different support levels it was running into. I shorted on a pullback to the 9 EMA. The EMA didn't hold as resistance and I made the mistake of placing my stop at price resistance. I thought this was an okay stop-loss area being just above the VWAP & MAs. I need to analyze price resistance areas better as it pulled back right to the 9 EMA & VWAP breakdown level. The entry should have been thought out better also, as I entered a short position on strong buying volume and should have realized a deeper pullback was needed after being overextended on the first flush.
Execution detail:
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