KSS Trade on Jul 8, 2020 11:02 from Cklamb: Tradervue User Stock Trades.

KSS
Intraday Fundamentals
• Analyst upgrade raised target to 27
Technicals
ADV 11.35m RVOL .56 ATR 1.7 BETA 1.77 Short 12.83% Inst Own 99.1%
Daily Chart

Hourly Chart

Intra Chart

Trading Strategy
• Short 21.40 with size if it happens to get there risk 30 cents
• Follow the opening move after a test of the early VWAP and SMA
• Long 20
• Short an opening drive if it looks like that type of momentum holds into the open
Reading the Tape
The read at 1102 was a solid read as this came back in trying to bounce off 21 and retake the PM high
Trade Management

Trade Notes
930 I wanted to short 21.40 out of the gate if it spike there. This was what I ended up with after hesitating when this was trading briefly above 21.20. the price action as I lifted this made me doubt. I would guess we could call this and opening drive. But, I am tagging this as a support break. I feel the tape gave me just enough of a bounce back into 21 that I felt I could play for a flush if it did get back above 21. I wanted to target .60. I was small and not comfortable with where I got this short and took it off after .53 was tested on the tape a couple of times.
957 I traded this as on the game plan. However, the strength was there it did start working for me but stalled at 21.33. it would spike against and it did not reject the level giving me good reason to bail. I gave this a little spike above and shorted as it came back in. I had the HoD as the stop at the time making this a well-defined trade.
1102 This gave a confluence of both VWAP and the PM high to play off. I had a little further conviction with the 21.40 level just above that. I was trying to wait for this to spike above .25 and it keep failing there. I hit in at .20 and then go the chance to add at .27. This worked because I was small and willing to add in to get to tier 1. This did add to the anxiousness and promoted me taking the first partial at 9 cents