GPS Trade on Jun 29, 2020 09:55 from Cklamb: Tradervue User Stock Trades.

GPS
Intraday Fundamentals
• *MW Gap stock price target raised to $15 from $13 at Deutsche Bank
• *MW Gap stock soars 25% in Friday trading after partnership with Kanye West announced
Technicals
ADV 16.03 M RVOL 9.61 ATR 1.26 BETA 1.47 Short 18% Inst Own 64.6%
Daily Chart

Hourly Chart

Intra Chart

Trading Strategy
• Short of the 13.75 if this tests and fails
• Short 11.75 if it bounces onces and comes back in looking weak looking for 50% of the Friday gap 10.75ish
• If this fills part of that gap and starts to flatten look for a long taking some off at 11.75, stopping the rest under 11.50
• If this flushes to 12.25 and moves back above 12.75 and begins to hold there. Start a long small and add up to 13 targeting 13.25 for the partial
Reading the Tape
Trade Management

Trade Notes
I hesitated on the entry just enough to fill under .40 on a 15 cent stop. It did give me a chance to take some of at 10 cents. I was looking for more and felt the stop above 12.50 left a great set up to look for the move back into the LoD.
This just set up after the spike above 12.50. I was trying to play for the LoD again as i had the short Bias on this. I felt like this was going to break 12.20. But, it bounced and would just never give up 12.30 again.