Very bad reaction to ER #s (in-line rev. guidance, soft EPS guidance), huge gap-down below major daily/weekly support level=$268, trapping almost every 21' buyer!!
Plan was to let it bounce in an attempt to close part of the gap, then get "short" once it becomes evident at which price/level trapped longs unload/trim exposure.
Saw the rejection at $280, and when price rallied back to the level:
-- Got short filler size, risking tight stop=$284, in order to be able to re-evaluate
at higher prices & 200SMA@daily=$293
-- Want to add Tier 0 if it starts rejecting $280 to the penny for a couple of days, momo add thru break of $268 pivot.
-- 1st target $247 at a minimum, $230s in play
Stopped out per plan. Let'se see if it can rally to the
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-12-21 10:25:27 | ADSK | sell | $274.330 | short |
2021-12-22 11:57:01 | ADSK | buy | $284.136 | 0 |
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