Shared by
gbrukh
This is the forth trade in TWLO
The stock sold off all the way back to 188 and was consolidating at this level for about 25 minutes. At 12:16 the stock bounced of the support level with characteristic bottoming tail bar. The bar at 12:20 signified a breakout out of the consolidation range. Long trade: entry immediately above the breakout bar - 189 (entered at 188.83), stop-loss under the low of the breakout bar, target 191.25.
Trade implementation.
Sat on my hands, did the right thing. Exited above the target price on the bar with the topping tail. Waited for 20 minutes for consolidation at the top and tried to re-enter in the same direction several times, but the upward momentum was exhausted.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-05-14 11:30:49 | TWLO | buy | $190.900 | long |
| 2020-05-14 11:33:50 | TWLO | sell | $190.800 | 0 |
| 2020-05-14 12:22:40 | TWLO | buy | $188.830 | long |
| 2020-05-14 12:58:25 | TWLO | sell | $191.530 | 0 |
| 2020-05-14 13:12:25 | TWLO | buy | $191.520 | long |
| 2020-05-14 13:22:26 | TWLO | sell | $191.640 | 0 |
| 2020-05-14 13:23:55 | TWLO | buy | $191.780 | long |
| 2020-05-14 13:26:58 | TWLO | sell | $191.850 | 0 |
| 2020-05-14 13:27:45 | TWLO | buy | $191.700 | long |
| 2020-05-14 13:28:06 | TWLO | sell | $191.520 | 0 |
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