FB Trade on May 20, 2020 09:33 from J_Matrix: Tradervue User Stock Trades.

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J_Matrix

 

Facebook shares reach all-time high after launch of online shopping feature

This opening drive was all about the tape.

224.20 was FB's all time highs and the stock has gapped up over it in premarket.

Premarket trading was liquid and had higher RVOL.

The opening minute we saw a push right thru 224.20, by the 3rd minute, the pull back came and the tape showed that 224 was holding. That's when my conviction came. (If it was gonna fail, it would have failed right then and there on the double pin bar tops.)


Execution detail:

Date/time Symbol Side Price Position
2020-05-20 09:33:31 FB buy $224.060 long
2020-05-20 09:35:54 FB sell $225.360 long
2020-05-20 09:39:26 FB sell $225.610 long
2020-05-20 09:43:03 FB sell $226.230 long
2020-05-20 09:52:07 FB sell $225.820 0
2020-05-20 10:36:47 FB buy $227.770 long
2020-05-20 10:38:25 FB sell $227.370 long
2020-05-20 10:39:19 FB buy $227.630 long
2020-05-20 10:39:38 FB buy $227.550 long
2020-05-20 10:40:20 FB sell $227.680 long
2020-05-20 11:19:48 FB sell $228.920 long
2020-05-20 11:23:10 FB sell $229.320 0


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