SPCE Trade on Apr 15, 2020 13:36 from tradelikelarry: Tradervue User Stock Trades.

Trade Planning:
- 15m Chart: Uptrend, Consolidation below recent highs.
- TTM Squeeze: 15m
- Earnings Date: 5/28-

Reason For Entry:
- Playing 15m chart. SPCE is in a pattern of consolidation below recent highs. TTM is in a squeeze and gaining momentum. Order filled at the buy zone (8ema) and risking 0.5% of portfolio (leaving room to add to trade at the 21ema). Short float is at 33%, looking for short squeeze.
Reason For Exit:
- SPCE squeezed to the target (fib 127.2%). Closed trade for a quick 50% win.

Recap:
- Trade entry was correct at the 8ema and risked 0.5% of portfolio (left room to add to trade if price retraces to the 21ema). Let the pattern develop and closed the trade at the target (fib 127.2% extension) for a 50% win.