One of the strongest name amid chaos & higher rates being tail-wind, but the way it was approaching long-term resistance pivot=$60 made short worth a shot.
I expected some fight and chop around $60 before seller assumes control, so no intra-day games here. Entry, wide stop, leave it alone in swing account.
-- Got short Tier 0 at the pop to resistance $60, risking 1xATR above the level $63s
-- Expecting a retracement to 9SMA@daily and consolidation below $60, before any serious attempt for higher prices.
-- 1st target tag of 9SMA@daily
02-14-2022
Working per plan. Covered 50% in-front of 9SMA@daily
02-17-2022
Covered small in-front of
02-24-2022
Covered bulk right in-front of $51 main target.
Next target 200SMA@daily=$49s
03-04-2022
Covered more in-front of 200SMA@daily=$49s, for last 5% will target $42s, stop 9SMA@weekly.
03-15-2022
Nice retracement into previous support level=$51, now expecting significant resistance here, as there bag-holders/trapped longs at higher prices.
-- Got short one Tier, tightening stop for whole size above $53
-- Expecting strong rejection here, sharp move away from price in the sessions to come.
-- 1st target $46s, main target is $42s.
03-22-2022
Flat and....wrong. Nasty open, didn't give me a chance to evaluate and see if I could cover some lower.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-02-10 09:35:47 | WFC | sell | $59.690 | short |
2022-02-14 07:00:00 | WFC | buy | $57.800 | short |
2022-02-17 14:35:34 | WFC | buy | $56.060 | short |
2022-02-23 18:49:39 | WFC | buy | $53.960 | short |
2022-02-24 09:38:09 | WFC | buy | $51.330 | short |
2022-03-04 10:21:24 | WFC | buy | $49.690 | short |
2022-03-04 14:19:19 | WFC | buy | $48.577 | short |
2022-03-15 09:37:37 | WFC | sell | $50.501 | short |
2022-03-16 09:54:42 | WFC | sell | $51.321 | short |
2022-03-21 09:45:34 | WFC | sell | $50.915 | short |
2022-03-22 09:48:49 | WFC | buy | $54.020 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!