HRL Trade on Apr 13, 2020 11:24 from tradelikelarry: Tradervue User Stock Trades.

Trade Planning:
- 2h/78m Chart: Uptrend, Consolidation below ATH.
- TTM Squeeze: 2h/78m
- Earnings Date: 5/21-

Reason For Entry:
- Playing the 2h/78m chart. HRL is in a pattern of consolidation below its ATH. TTM squeeze on the 2h/78m charts and momentum is shifting positive at the close. Short float is at 14% (looking for a squeeze to ATH). Price entered the buy zone (lower BB) and purchased 2 contracts. Position size is (0.75% of portfolio). I will close the trade at a close below $46.5 level or if it reaches my 2 targets (fib 78.6% level) and fib 127.2% level).
Reason For Exit:
- HRL worked its way to my first target (fib extension 78.6% level) and I closed first half of the trade. I let the pattern develop some more and ended up closing the second half of the trade as price started to show some weakness after the TTM fired long. Nice 75% win.

Recap:
- The entry was at the correct level (lower BB) support area. Position sized correct (0.75% of portfolio at risk) left room to add to trade if needed. Scaled out of the position at the correct target and closed the rest as price showed some weakness after TTM fired long. Nice 75% win.