Stops: 3cts
R: 0.3
The consolidation below 46.50$ looked like a juicy short to LOD, so I shorted the breakdown below 46.40$. However, size traded below and it came back quickly indicating that there was demand for the stock. $NBL traded at support on the daily and we've seen many first day bounces lately with $SPY trading close to ATH.
I quickly scratched the trade and got long, but it could not stay above 46.50$ so I closed and moved on.
Execution detail:
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