Played this as a continuation of the earnings breakdown from last Friday. Heavy resistance in the .97 area. Shorted with a stop at the VWAP at .97 when no buyers were coming in.
Execution detail:
We're bears out here in Cali!
Nice daily pattern, great setup intraday, you nailed this thing. Maybe even scaled out too quick?
2nd scale might could've been too quick, but first was right at a possible support level and at the first spike. Do you mean the last 1/4?
What was the reason for 2nd scale out?
It was another spike down and .20 cent gain. You think I should i have waited a bit? Next support level on the daily was around .20 which is right about where it reversed.
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yes!!!!!!!