I got some of these things right...
Classic dump near lunch and fade into the close, en route to a red finish of nearly 34% today.
Gap up proved to be the hod, then it tanked fast and recovered, re-tanking into the finish cleanly. Red by over 21% on the day. Once we took out the previous session closing price from above, it was a cue signal.
Easy long win here as it tested 8 and then some, opening at the lod though below 8. It took and held that and was then a clear hold (long) day trade as I explained last time. Also kind of zoomed out of the gate for the green scalp. Closed up by over 7% on the session.
Easy long scalp on the initial spiking, as suspected. Closed well off of the highs today, not a surprise. Sported a nice profit booking dump into the close, as well. Closed green by over 1% when it was all said and done.
I thought this might begin to falter soon, but not immediately. Gap down made shorting a bit problematic. I was wrong about the direction and timing, ultimately. Worse, the stock traded above its previous session high so some could have been stopped out, despite the red finish of over 3% today.
This gave a clear shorting signal when, after a gap up, it went green to red falling below the previous session close. However, I saw it as more of a short term long possibility. Remember live price action is key. That trumps all. Down over 4% today.
I could easily call this a cheesy win, as I favored some distribution and it closed red by over 1.5% today, but I will not. It was a tale of two sessions, with early up moves and an afternoon fade of sorts. Certainly, we did get a clear weakness cue when it fell under the previous close, and stayed there, but it hardly spiked from the bell, either. I got the ultimate direction right, but its price action was too dual personality for full credit.
Daily record: W-4 L-2-P-1
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