TEAM Trade on May 14, 2020 10:31 from tradelikelarry: Tradervue User Stock Trades.

Trade Planning:

• 2H Chart: Uptrend, Consolidation below ATH.
• TTM Squeeze: 2h
• Earnings Date: 6/30

Reason For Entry:

• Playing the 2h chart, day trade. TEAM is in a pattern of consolidation below its ATH. TTM is in a squeeze and momentum shifting positive. Price entered the buy zone (between 21ema and lower BB) and order filled for 1 contract. Risking 1% of portfolio. Watching for TEAM to make new all time highs.

Reason For Exit:

• Price hit my first target at the 78.6% Fib Extension level. Closed trade for a 120% win.

Recap:

• The entry was correct at the buy zone (between 21ema and lower BB) I nearly added to my position but order did not fill. Price quickly moved up to my 1st target at the 78.6% Fibonacci Extension level. Closed the trade for a quick 120% win.