SKX Trade on Jul 19, 2019 09:51 from MarcoG: Tradervue User Stock Trades.

Consolidation Squeeze Play above pm high on ER beats!!

Requirements:

RVOL: Possibly >1.5
pmVOL: Possibly >50 K
avg Vol: > 1M
Vol @ Day : > 1 M
Gap: If possible but not strictly needed
Long Term Chart : Possible Pocket, trend already defined and strength.
Float: > 20 M
Short Float: Possibly >40%
Institutional Ownership : Possibly > 100%
History of Gap Follower: Neutral
History of former runner: Possibly YES
Major ETF movement and strength: Possibly Trending with strength

Trade Scenario
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Symbol : SKX
Gap : 12%
RVOL : 7.76
pmVOL : >100K
Float: 118.53
Short Float: 7.6%
pmPATTERN : Bull Flag and drifting pattern
Catalyst : ER

Technical Levels
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Support: 38.55 / 37.91 / 37.55 / 35.66
Resistance: 41.37 / 43.08 / 45.01
Inflection: 37

Trade Plan
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Set-up : Consolidation Squeeze Play above pm high
Side : Long
Size : 40
Entry : 40.47
Takes :
Exit : 40.22

Comments: I have tried to long above pm higs but it didn't work. The volume profile was great with an avg of 200k per min. Gave me enough confidence to long it above 40.45
I love the entry at 40.47 great price, pity it didn't develop in a nice move!
The second entry would have had a meaning just if it would have worked! I have waited the 3 min to consolidate below VWAP and short it once showed signs of weakness! Didn't go but I was aware of that that's why my position size was really limited! I have traded with the aim of building up a position once at target 1 and 2! It didn't occur, at least I have given myself once again the opportunity to make a great trade!
BTW SKX it's a kind of though stock!
If my red days results in such sum I am gonna be fine :D:D:D
Points of improvement: Keep going and trade the setups you see!!!