NKE Trade on Oct 1, 2019 11:30 from Cklamb: Tradervue User Stock Trades.

NKE
Intraday fundamentals
• Break to new high the last two days
• This should continue the breakout three days after setting one on a gap up which retraced
• Possible 102 using some extensions… is that upside there??
• A gap fill is 7 points to the downside from here
Technicals
ADV 6.13 M RVOL 1.19 ATR 1.85 BETA .85 Short 1% Ins Own
Daily

Hourly

Intraday

Trading Strategy
• I feel like the institutions are starting to increase some sizing here after most traders have left
• This broke out yesterday above the most recent all time high and is maintaining a solid uptrend
• Look for places to get long, 93.50, 92.75ish, consolidation above VWAP
• IF this breaks down and looks to set up for a pullback, look for scalps shorts as it start to turn in lower highs after the opening
Reading the Tape

I did not see confirmation on the tape on any of these trades. I saw what I thought was a strong bounce off 94 after a quick wick .90.
Trade Management

Trade Review

Trade Review 2
• 92.75 was an area I was looking for a long as a test of the breakout on the daily
• I did not work hard enough to take this trade.
• This had just bounced of the 92.75 area and I felt that if it was going to extend back to VWAP that this would give the best RvR
• I set up for 4 cents and sized down as I felt if I was wrong it would move back to .80 or lower pretty quick.
• The market was too weak for me to be trading long.