MOMO Trade on May 28, 2020 09:33 from Cklamb: Tradervue User Stock Trades.

MOMO
Statistics
Total gain/loss: $2.49 Largest gain: $4.35 (show)
Average daily gain/loss: $2.49 Largest loss: $-2.07 (show)
Average daily volume: 180 Average per-share gain/loss: $0.03
Average winning trade: $2.28 Average trade gain/loss: $0.83
Average losing trade: $-2.07 Trade P&L standard deviation: $3.25
Total number of trades: 3 Profit factor: 2.20
Number of winning trades: 2 (66.7%) Average hold time (winning trades): 7 minutes
Number of losing trades: 1 (33.3%) Average hold time (losing trades): less than a minute
Max consecutive wins: 1 (show) Max consecutive losses: 1 (show)
Average position MFE: $2.16 Average position MAE: $-1.58
Intraday Fundamentals
• 07:21 AM EDT, 05/28/2020 (MT Newswires) – Momo (MOMO) reported premarket Thursday Q1 non-GAAP net income per ADS of RMB3.34 or $0.47, down from RMB4.15 in the year-ago quarter but ahead of the Capital IQ-compiled consensus estimate of RMB2.98.
• Revenue amounted to RMB3.59 billion or $507.6 million, lower than RMB3.72 billion recorded in the prior-year period. CapIQ-polled analysts were expecting revenue of RMB3.48 million.
• The social networking platform company said it expects Q2 revenue of RMB3.8 billion to RMB3.9 billion, representing a decline of 8.5% to 6.1% from the same 2019 quarter. The outlook takes into account the potential impact of the COVID-19 pandemic. It is in line with the Street estimate for revenue of RMB3.87 billion.
Technicals
ADV 4.05 m RVOL 1.08 ATR 1.21 Beta 1.82 Short % 10.13 Inst Own 73.30%
Daily

Hourly

Intra

Trading Strategy
• Long around 19.50 or 19.75 depending on the tape
• Short the PM high if it pushes to that
• VWAP tests and SMA set ups to get ON trend
Reading the Tape
I cannot say that I saw anything that spurred convicted action on any of this. I could tell early that this thing was not going to be as volatile as I had hoped for. It seemed to traded orderly after the first couple of minutes.
Trade Management

Trade Notes
I tried to take this as soon as it got weak at 20.20 and got filled at 20 .13 on the weak tape. I was looking to keep risk to 20.30 or the SMA and the entry candle. I did not see a large print at .92. I did however see the tape change as the wick formed on the candle on the one minute. I was running almost opposite of my game plan and needed to short this of the PM high like I said in prep.
A solid play expecting this to stay weak and reject VWAP again.