PDD Trade on May 22, 2024 10:17 from jfield001_BOWS: Tradervue User Stock Trades.

WTF - long 150.74 vs 149.75, exit at 148.97.

Entry was on green candle that slammed red. Exit on same candle.

9 EMA curling without premarket data, with the pre-market data, 9 EMA is clearly pointing down. I need to clarify this situation - to use pre market data or not? All analysis is done with the assumption premarket data was off, otherwise there is no case to be built.

1. 1st pullback buy
2. Volume: Yes
3. MA's: Yes but - the price is coming down hard to meet the 9 EMA. Corrections over time or price, but the downward price movement has too much momentum. Should have waited to see if the 9 EMA would support
4. Trend?: Daily 9, 20, 50 and 200 curling up. It is approaching the Bollinger Bands. Did have a couple cooling days yesterday and day before. Not far from 9 EM on daily
5. J/S: 9 EMA near 148.9 at the time, give a little room to 149.75 Price target of 152 or higher. Worth it if it works.

Grade: D - Need clarification of premarket data. There was as potential setup, but it wasn't complete. I got in near the first green tick of second candle which is too soon given the circumstances. need to respect the risk, don't be too proud to get stopped out in a single candle.