Daily: Rubberband long
Intraday: Base b/o
Entry: $19.00
Stop: $18.85
1st Target: $19.30
Gain: $102 (2.1%)
Wanted to play this as a rubberband long but stock continued downward movement. Dip got bought at $18.70 and I went long when stock broke base consolidation and moved above VWAP, 9EMA, and 20EMA. Sold half when stock hit price target which was also a level of resistance. Scaled out again when price hit high-of-day and sold remainder when it showed weakness.
Execution detail:
i really like this.. one of the best exectutions i seen today
Great entry and exits, nicely done.
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Very nice intraday trade!