WORK Trade on Apr 22, 2020 10:38 from tradelikelarry: Tradervue User Stock Trades.

Trade Planning:

• Daily Chart: Inverted H&S, Testing new highs.
• TTM Squeeze: none
• Earnings Date: 6/11-

Reason For Entry:

• Playing daily chart. WORK is in a inverted head and shoulders pattern and testing new highs. Price entered buy zone (between 8ema and 21ema) Order filled for 1 contract and risking about 1% of portfolio.

Reason For Exit:

• Market is all over the place today, very choppy. Taking off exposure and closed the position for a very small loss. Will wait for my next opportunity if the market picks a direction

Recap:

• The pattern was correct (inverted head and shoulders), entry was correct (between 8ema and 21ema). Market was very choppy today and looks heavy (at resistance and due for a pullback). Reduced bullish exposure and closed this position. Will wait for another opportunity once the market picks a direction.