Was tapping the vwap multiple times throughout the day and getting rejected each time. I had this stock on my radar but all my buying power was in CNAT in the morning so I did not get a chance to play the earlier drops. It sold of huge premarket since it gapped up to 40 dollars and gave it all back. That and the resistance over head it was a short for me but I waited to long. If something tapes an area (VWAP) multiple times that area gets weaker. So when i shorted it it all ready tapped the vwap 4 times before so this time it failed and broke above with good volume. I was thinking about shorting it at the 30 dollar mark but that it currently not one of my setups so I didnt take it.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-12-20 14:08:11 | ACAD | sell | $28.420 | short |
2016-12-20 14:41:01 | ACAD | buy | $28.750 | 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!