Picture perfect Resistance Play - Double top (technically a lower high) at 24.1
The offers were absorbing quite a lot of volume... so Got short at 24... problem was that I didn't have a great exit plan other than I was just going to scalp it around 23.80's if it got there... However, considering how AMD has been moving lately... I could have been a bit more aggressive holding some shares for a bigger move...especially when offers stepped down aggressively and didn't budge on the first bounce back up to 23.90's.
Had I added some back on at that level and held until a "reason to cover" ... could have been the trade of the week for me.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-02-06 09:54:03 | AMD | sell | $24.000 | short |
2019-02-06 09:55:37 | AMD | buy | $23.870 | 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!