SDC Trade on Apr 8, 2020 10:51 from tradelikelarry: Tradervue User Stock Trades.

Trade Planning:
- 30m Chart: Uptrend, Consolidation below recent highs.
- TTM Squeeze: 30m
- Earnings Date: 5/26-

Reason For Entry:
- Playing the 30m chart. SDC is in a pattern of consolidation below its recent highs. TTM in a squeeze on the 30m chart. Price entered my buy zone (between 21ema and 50sma)and entered the trade with a position size at 0.5% of my portfolio. SDC also has 48% short float and looking for a squeeze.
Reason For Exit:
- Within 30min, price moved to the fib 78.6% resistance area and I closed the trade for a quick 55% win.

Recap:
- The entry was correct at my buy zone (between 21ema and 50sma support area). Position sized correctly (0.5% of portfolio) which I left room to add to the trade if price retraced to the lower BB. The exit was executed correctly at a key resistance point (fib 78.6% and new high area). Nice quick win.