PR: Singapore Telecommunications Limited ( Singtel ) and FireEye, Inc. (NASDAQ: FEYE) today launched their first joint Advanced Security Operations Centre (ASOC). The new ASOC combines FireEye's leading security expertise with SingTel's deep info-communications capabilities and extensive regional data infrastructure.
Setup - PR with gapping in the premarket hours suggesting a long position
Daily chart - this is a cyber security sector stock and still has a lot of interest, thus volume and potentially price movement
Intraday (5-min) - FEYE made an opening range (open at $44.40), got sold out to $43.92, and buyers came in and pushed it back up (I am repeating myself from another trade this morning - BIOC). I bought it at $44.31 on the upside anticipating a breakout over $44.40.
Entries: $44.31, and again $44.31 1h later on a pull back (which did not really work out)
Stop loss: $ $44.21 (right under the VWAP and the trendline on 5 min, risking 10c)
Target: $44.50 (to be at 2:1 r/r)
Exit: sold all at the previous high (messed up the order and instead of changing my stop loss, I sold everything, not quite sure what happened, but the plan was to let some run for the lotto and add some if it breaks above HOD which was $44.75).
Execution detail:
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