WORK Trade on Jul 13, 2020 09:37 from spyrosz: Tradervue User Stock Trades.

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spyrosz

 

What a difficult name to WORK with...
I had been shaken out from $32.5 entry two days ago, but kept it on watch as it was pressing (making higher lows) against that R1=$34.2 major daily level.
Air-pocket above R1 all the way to $37.6.

Gaped above R1 premarket, so I thought that if it manages to hold above, it could rally higher.

Got long Tier 0, after flush to $34, but buyers stepped up pushing it higher, risking LOD=$34, expecting a rally to R2=$36.2s at a minimum. Ultimate target was R3=gap-fill=$37.6.

Market gift as WORK came back all-the way to LOD, put a higher low and reversed higher.

Added half-tier, risking stop at $34. One more half-tier add as it pushed through VWAP, confirming the Double Bottom pattern. Great adds on minimal risk.

Small profit taking in-front of HOD=$35, then towards R2.
I was planning to keep remaining 30% of position for a swing if it had a good close.
But market weakness ruined that trade. Got out when it broke below VWAP.

image


Execution detail:

Date/time Symbol Side Price Position
2020-07-13 09:37:40 WORK buy $34.525 long
2020-07-13 09:38:18 WORK buy $34.620 long
2020-07-13 10:03:23 WORK buy $34.280 long
2020-07-13 10:28:59 WORK buy $34.480 long
2020-07-13 11:36:52 WORK sell $34.920 long
2020-07-13 11:42:27 WORK sell $34.850 long
2020-07-13 11:55:35 WORK sell $35.450 long
2020-07-13 12:05:16 WORK sell $35.890 long
2020-07-13 12:32:20 WORK sell $36.140 long
2020-07-13 13:06:18 WORK sell $35.972 long
2020-07-13 14:00:00 WORK sell $35.210 0


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