DAL Trade on Apr 17, 2020 09:33 from Cklamb: Tradervue User Stock Trades.

This was just what I was watching on the main screen at the open. I was early enough on the reversal candle and seen some momentum on the tape to take this for a quick run back to VWAP. I bailed after this first rejection of it.

DAL
Intraday Fundamentals
• Travel leisure beaten down stocks this has held 22 but struggled into 23 even with the strong market yesterday afternoon.
• Tight spread and good ATR
• Range plays
Technicals
ADV 29.97 RVOL 1.86 ATR 3.69 BETA 1.53 Short 3.92% Inst Own 89.3%
Daily

Hourly

Intra

Trading Strategy

Reading the Tape
I watched this through the first couple of minutes and saw this for selling off in a orderly manner with the sellers stepping done until it flush 23.70 . This is where the times an sales started skip back and forth since the opening 20-30 secs. I seemed to get stuck at .90 with similar action between .80 and .90.
Trade Management

Trade Notes
This was just what I was watching on the main screen at the open. I was early enough on the reversal candle and seen some momentum on the tape to take this for a quick run back to VWAP. I bailed after this first rejection of it.