AAPL Trade on Oct 4, 2019 13:26 from J_Matrix: Tradervue User Stock Trades.

Gravatar

Shared by
J_Matrix

 

Late Day Positive Catalyst B/O Play

Big Picture:
-Oct 4 $SPY gap up on better than expected jobs report numbers
-Sept 30 JPM reiterated Overweight rating targets 265

Intraday Fundamentals:
-Oct 4 $AAPL gap up on news that they are increasing production of iPhone 11 by 10% to meet with increasing demand
ATR 4.50
RVOL Elevated in premarket
Inst. Own 61.20%

Technical Analysis:
-Daily Chart resistance 226.42/228.22 30min chart resistance 226.75-227.13
-Daily Chart support 224.80-225.07/224.60/223.97-224.20
-$AAPL unable to advance past 226 after 1130am. However price kept getting held up
each time it tried to retreat to the VWAP.

Thesis:
-Given the positive catalyst and the overall market sentiment, I'm leaning towards
the bullish side.
-Uncertainty was created on the thesis because Price cannot advance past 226
-It's not a short IMO, however, because of the 226 resistance, it's also not a long
until proven otherwise.
-Wait for 226 to B/O and confirm to get long aiming for next level of resistance.

Video version here:

Your text to link here...


Execution detail:

Date/time Symbol Side Price Position
2019-10-04 13:26:04 AAPL buy $226.080 long
2019-10-04 13:42:50 AAPL buy $226.200 long
2019-10-04 13:52:59 AAPL sell $226.110 long
2019-10-04 14:07:10 AAPL buy $226.470 long
2019-10-04 14:10:58 AAPL sell $226.790 long
2019-10-04 14:13:37 AAPL sell $226.820 0


Leave a comment about this trade!

You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes just a few seconds to sign up, and it's free!

View plans, Sign up for free, or Log in