WORK Trade on Jul 8, 2020 11:31 from spyrosz: Tradervue User Stock Trades.

Gravatar

Shared by
spyrosz

 

Very strong open, breaking above major resistance level R1=$32.
I liked the continuation wedge it was putting below R3=$33.5, but it was extended on the 15/30/60min timeframes so I stayed away...

Good thing, since it made a pullback to the previous break-out level $32.5.
I saw it curling up crossing VWAP with HUGE volume coming in,

got long Tier 0, risking $32.3 (low of break-out marubozu candle of $32.5 level in the morning), expecting a push to HOD at a minimum.

Sold small in-front of HOD, at $33.5, $34 and in-front of R4=$34.5 which is major daily resistance level.
Held some size for a swing. Huge daily window up to $37.5s..

image

I got shaken out next day for good...This thing came back all the way to $32 support before rallying back to $34...
image


Execution detail:

Date/time Symbol Side Price Position
2020-07-08 11:31:29 WORK buy $32.715 long
2020-07-08 11:31:31 WORK buy $32.720 long
2020-07-08 11:38:36 WORK sell $33.050 long
2020-07-08 11:47:08 WORK sell $33.400 long
2020-07-08 12:31:37 WORK sell $33.990 long
2020-07-08 15:59:43 WORK sell $34.230 long
2020-07-08 15:59:43 WORK sell $34.230 long
2020-07-09 09:31:33 WORK sell $32.780 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