Automation Recap June 24th, 2019

  • Strategy: Algo Buster Dip
  • Stock Ticker: SHOP
  • Entry: 314.36
  • Exit: 317.98
  • Profit:  $209.84

Talk about getting out at the top. The false breakout above the VWAP couldn’t save SHOP from its downgrade today. I’m sure there will be more buy the dippers coming in the next couple of days but I’ll take this nice win. It didn’t look like it was going to work out very well, but after breaking above the 10EMA it went to test the VWAP which held but not for very long.

SHOP Chart

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