DAL Trade on Jul 7, 2020 10:04 from Cklamb: Tradervue User Stock Trades.

Gravatar

Shared by
Cklamb

 

DAL
Intraday Fundamentals
• Reopening stalls are decreasing reservations at this time
• Travel restrictions reinstated in Australia
Technicals
ADV 59.90 RVOL .45 ATR 2.20 BEAT 1.25 Short 4.28% Inst Own 78.40%
Daily Chart

Hourly Chart

Intra Chart

Trading Strategy
• Bounce long on 27.30 if this spikes sonw to this out of the gate
• Short 28.50 on a stronger level off the hourly
• 27.60 is looking supportive form the last week
• If 27.30 breaks, short the retest into a new LoD targeting 26.70
• VWAP TESTS
Reading the Tape
I had a level that was holding around 27.33 with plenty of opportunities.
Trade Management
Trade Notes
I had a plan to take this at 27.30 and clearing at 27.50. This gave me the chance to take that long a couple of times at 37.34 and 35 a few times, I would fomo into this looking for the break of 27.50. I did manage to get a small break and tried to flattened at .51. But, the fill came back under .50. I could have played this 27.30ish to 27.50 ish range a few times this morning.
After waiting through another test of 27.30, I took this as it overcame the high of the previous two candles with a little smaller size so I could give me some room. I took and held 27.50 with a bit of a stall leading me to take the partial a little early on a 7 14 set up. This would take out the top half of the bracket allowing me to hold for the test of 27.70 tapping the lat portion out just above 2 for 1.

image


Execution detail:

Date/time Symbol Side Price Position
2020-07-07 10:04:50 DAL buy $27.455 long
2020-07-07 10:04:50 DAL buy $27.460 long
2020-07-07 10:04:50 DAL buy $27.460 long
2020-07-07 10:05:02 DAL sell $27.480 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