MU Trade on Jun 19, 2020 09:33 from spyrosz: Tradervue User Stock Trades.

Gravatar

Shared by
spyrosz

 

Great daily, holding above major daily support=$50 for 3 days in a row.
Today, it was gapping higher pre-market just shy of R1=$51.5, ready to break higher towards R2=$52.4.

Premarket plan as follows:
a) BULLISH as long as it holds above S1=premarket pivot=$51-51.2.
b) (P) Strength+Consolidation--->Breakout
c) (S) Bullish Bias - Holding Support at S1=$51-51.25.

MU opened below S1, immediately reclaimed the level, and chopped around between S1 and R1 for about 10mins, before finding direction.
However, during the chop, it never lost S1=$51.25, instead it was able to hold above that level at least 3-times to the penny!!

Got long Tier 0, risking below LOD=$51.1, added half-tier I as it was breaking through R1, expecting the push to R2=$52.4.

Took profits on the way to R2, stopped out of last piece when it lost VWAP.

(+) Great thesis/idea and execution. Overall, nice trade.
(+) Participated, got involved, broke the mental barrier.
(+) Great stop out of last piece.

image


Execution detail:

Date/time Symbol Side Price Position
2020-06-19 09:33:45 MU buy $51.520 long
2020-06-19 09:33:46 MU buy $51.510 long
2020-06-19 09:33:46 MU buy $51.520 long
2020-06-19 09:33:49 MU buy $51.540 long
2020-06-19 09:38:27 MU buy $51.550 long
2020-06-19 09:42:14 MU sell $51.890 long
2020-06-19 09:51:10 MU sell $52.290 long
2020-06-19 10:21:55 MU sell $52.570 long
2020-06-19 12:00:16 MU sell $51.940 0


Leave a comment about this trade!

You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes just a few seconds to sign up, and it's free!

View plans, Sign up for free, or Log in