DAL Trade on Apr 21, 2020 09:34 from Cklamb: Tradervue User Stock Trades.

DAL
Intraday Fundamentals
• In play sector
• Tight spread decent ATR obeying most technical levels
Technicals
ADV 30.92 RVOL 1.39 ATR 3.48 BETA 1.43 Short 3.92% Inst Own 89.20%
Daily

• Consolidating?? Hovering around 9SMA 23.50
• Resisting around25.50 with 22 seeming to be solid support
Hourly

• 22 support is strongest on the hourly
Intra

• 23 is about the morning low and is trading right at the level this morning
• 23.50 looks like the support that drop in the pre-market
Trading Strategy
• Short 23 to 22.50 if it moves higher into the open and starts to give way or if if flushes below and come back in to test the level, VWAP and or the SMA
• Take the first bounce off 22 if it gets there and wait for confirmation of the bounce on any later test
• VWAP and SMA Momentum plays
Trade Notes
• I came at this trying to paly off the first candle top as the tape seemed to be struggling to hold 23.40. I got a solid entry 7 cents off the top of the open I manage to get an 11 cent partial and set the stop just above the opening high which did get tapped out on what seems to be a bit of breakout. This was a great set up that let me walk away and try to play for the bigger move at no risk. I do get upset when I could have take it off and have money in the bank. But, there are too many times that I have walked away from positions like that went my way for long periods of time.
• I took this after watching inf stary strong for a few minutes out of the open. I saw it fall short of 23.50 on a few pushes in the tape and shorted as it gave in @23.40.. It gave me a partial that covered a stop of the the current HoD. I did let it tap me out. although, i did see the probability of this hitting 23 was decreased with the bounce off 23.15.

I took this after watching inf stary strong for a few minutes out of the open. I saw it fall short of 23.50 on a few pushes in the tape and shorted as it gave in @23.40.. It gave me a partial that covered a stop of the the current HoD. I did let it tap me out. although, i did see the probability of this hitting 23 was decreased with the bounce off 23.15.