Feye - cyber security sector has been overextended to the upside for a few weeks now.
Setup - Green-to-Red move - short
Daily chart - FEYE finished red the previous day and a big price drop on above average volume. It was a potential G/R move today.
Intraday (5-min) - had a couple of short orders when it showed signs of reverse ORB setup. The first order got stopped as I was in too early.
Entries: $43.79, $43.67, and $43.41.
Target: previous day LOD (around $43)
Exit: scaling out based on previous lows
Execution detail:
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