Monday, April 9, 2018

4/3/2018

$CLLS gapped up during premarket and was getting closer to that $35 level which was the 52-week high. It also has positive news out about the company closing an asset contribution agreement with company Pfizer. On the daily chart, the stock had bounced off that $35 price 3 times before so I waited to see if it would bounce off of it again to look for a short entry. Once it bounce off $35 and  broke below VWAP and lost the 200-MA(dark blue line) I got short at 33.93. Like a dummy, I got greedy and didnt sell when price got to $33. I kept holding and the stock kept grinding up. Sold all my shares at $33.70 for small profit, but in my head I took at loss and I was frustrated since I was up .90c/share at one point. Decided to reset and wait to see what the chart was telling me. Once it broke above VWAP and consolidated above $35 I saw the uptrend and jumped in long at $36.45. I had small size so didnt sell in partials and got rid of all my shares $37.51. 


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