CRM Trend Join Short
* no news today but a continuation from yesterday's ER play
* initially thinking this could be a day 2 continuation play given that the ticker had remained above the 61% fib levels on the gap up day (ER) as well a DH resistance. Unfortunately it failed one of the criteria for D2C of opening below PDC (desired entry would have been $186 for this play).
* With D2C out, I was looking for a Trend Join Long above $190 but that level was quickly rejected and attempts to reclaim VWAP were also being rejected.
* Took a SS for Trend Join Short setup against VWAP and $190 resistance adding to full position as it broke the LOD and taking profits along the way. PT 185.50, 182, 179.
* I re-added to full size at $185 rejection with target of 182 but then cut it short when the buying volume came in.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-03-03 09:57:00 | CRM | sell | $188.560 | short |
2023-03-03 09:57:00 | CRM | sell | $188.560 | short |
2023-03-03 09:58:35 | CRM | sell | $188.520 | short |
2023-03-03 10:01:14 | CRM | sell | $188.320 | short |
2023-03-03 10:01:14 | CRM | sell | $188.320 | short |
2023-03-03 10:01:50 | CRM | sell | $188.450 | short |
2023-03-03 10:04:04 | CRM | sell | $187.690 | short |
2023-03-03 10:05:56 | CRM | sell | $187.460 | short |
2023-03-03 10:05:56 | CRM | sell | $187.460 | short |
2023-03-03 10:06:06 | CRM | sell | $187.340 | short |
2023-03-03 10:07:07 | CRM | buy | $187.060 | short |
2023-03-03 10:12:20 | CRM | buy | $186.550 | short |
2023-03-03 10:12:20 | CRM | buy | $186.550 | short |
2023-03-03 10:13:28 | CRM | buy | $186.190 | short |
2023-03-03 10:52:18 | CRM | buy | $185.810 | short |
2023-03-03 11:26:50 | CRM | sell | $184.700 | short |
2023-03-03 11:26:57 | CRM | sell | $184.700 | short |
2023-03-03 11:27:34 | CRM | buy | $184.410 | short |
2023-03-03 11:27:40 | CRM | buy | $184.410 | short |
2023-03-03 11:27:41 | CRM | buy | $184.410 | short |
2023-03-03 11:31:04 | CRM | buy | $185.220 | 0 |
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