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markmandy54_BOWS
Big drop off open into support for the bounce. Looked like forming a bear flag and have the belief once it breaks below the support shelf around 135 it would roll. Short with a -.50 stop, Target of +.75 and rest of around +1.50 or so. Started to bounce as opposed to getting sellers hitting hard so took off early.
Execution detail:
Comments
markmandy54_BOWS
The daily looked so ready to roll to me, lost the 20MA and was flirting with loosing the support. I jumped the gun and should have waited for new lows.
Good advice with the 9MA above vwap. I have tried vwap on TOS but doesn't look like how Kunals sets up, i'll have to keep trying to get the vwap have only a single line.
As far as price range, these used to be all i looked at so i'm glad i now know of momo. Spread was fine as market buys filled at the price i saw on the chart.
Patti-Garland
your vwap will only be one line
kunal00
u cant short there.. the daily is in a bounce zone..it will be choppy or a long at that level.
Thank you Kunal, i need to learn to let it get through the mucky muck and not anticipate into a bounce zone.
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for me, as long as the 9 ema is above the vwap, it's a long or wait for more confirmation. I rarely, if ever look at stocks in this price range. How was the bid/ask spread?