DIS Trade on Nov 11, 2019 13:42 from Cklamb: Tradervue User Stock Trades.

DIS
Intraday Fundamentals
• Heavy profit taking all morning with a late day run-up into 138
• Earning and streaming progress were positive in earnings report
• Gapped up 7 points closed up about 4 with a 50% gap fill on day one
Technicals
ADV 8.24 RVOL 3 BETA .97 ATR 2.28 Short 1% Inst Own 67.3%
Daily

Hourly

Intraday

Trading Strategy
• Inflection at 138
• During the morning session. If this holds above 138 look for longs and shorts below this, I will use both VWAP and the SMA to make more decision on position
• Look for a late day reversal of what this does in the am
Reading the Tape
I take the entries when the tape looks most favorable to holding my entry or give me a quick push to take a partial. There are times when you can see a group of bidders or sellers move up and donw almost a as a group. In this case, there was a lot of offers of 137 and you could see the larger size dissipate and it move to the new LoD. There was not a lot of strength in the 136.25 area and did not see why ti reversed from there.
Trade Management

• I traded this well this afternoon.
• I got some good tape reads and tapped out when the tape, changed
• I got many good small runs on the entering at what looked to bounce
• I did finally get a runner and then closed out another trade on the last bounce