MSFT Trade on Apr 25, 2019 10:02 from MarcoG: Tradervue User Stock Trades.

Inflection Switch Play!! All Time High Fade 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

Company Description

Sector: Technology
Industry: Software - Infrastructure

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide.

Trade Scenario

Microsoft Corp. ER beats with 13.80% surprise.

Trade Variables

Symbol : MSFT
Gap : 4%
RVOL :
pmVOL :
avg Vol: 18 M
Vol @ Day: 35 M
Float: 7.50 B
Short Float: 0.50%
pmPATTERN : Bull Flag and Bearish pennant from the 128 till open
Catalyst : ER Beats

Technical Levels

Support: 130 129 128
Resistance: 131.50
Inflection: 130

Trade Plan

All time high level could grant a further move!

Set-up : Fade of All Time High Spike, Inflection Switch and Down-Trend Continuation
Side : Short
Size : 10
Entry : 130
Takes : 129.55 / 129.250 / 129 / 129 (09/16/19: they are all wrong!)
Exit : 130.6

Comments

The stock gaping up due to ER Beats rejected the spike to all time high level of resistance. Broke it in pm no further move consolidating above such level occurred. Price failed the 131 and pm high level of resistance. Found support after the drop at 130 price rejected VWAP and the half dollar psycho level on the 130. Once sat below VWAP/opening price and inflection point I have entered the trade.

On my list today I had MMM, XLNX and FB.
I have missed my entry on FB, I wanted to short it below 196.45 but my rules impose me to short below pre-market confluence areas and FB had a low at 195.25. I have hesitated and not entered afterwards once the levels were tested and ready to be shorted cause I was on MSFT. I still didn't try to trade two names at the same time :P I don't know how it will be actually to manage those together..

29/07/2019
Size was wrong and I had to leave some shares to trade!