JPM Trade on Jul 16, 2019 09:32 from Cklamb: Tradervue User Stock Trades.

JPM
Intraday Fundamentals
Reported a earnings beat but expressed some concerns over the margin rates on their interest. The stock did not take this part of the news well during the PM.
Technicals

This stock has been in an uptrend since the Christmas low of 91.11. it pulled back with the rest of the market in may but maintained this trend.there
There has been buying in the few days leading up to yesterday which sold off to around the 114 area.
The initial response to the news was very negative and premarket action tested a major support level at 111.65 ish
Reading the tape
I cannot say that I saw enough tape before taking the trade.
Trade Management

Notes
• I followed the desk on this.
• A lot of positive momentum after the initial reaction
• This was not what I was watching at the open. I was aware of the level but never really watched the tape
• A good line up of VWAP and a level, risk easy to define
• RVR was something ridiculous like 20 to 1 ( lucky though) Using 112.73 as where I would have probably put the stop a little over 3 to 1
• There were more trades on this one today
• Not sized well even at .22 cents