LULU Trade on Jul 17, 2020 09:33 from spyrosz: Tradervue User Stock Trades.

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spyrosz

 

Shake out move 4 days ago, closing the gap on daily $295-307, forming a nice hammer.
Last two days held above $307, closing on highs, in-front of $315 major inflection/resistance level. Break through $315 opens the door for $320s+.

Opened below R1=$315,

got long filler size, risking below yesterday's close=$313, expecting the breakout and hold above R1 in order to add more.

Well, very low RVOL<0.5 + in-front of major resistance level = breakout never happenned and rolled-over along with overall market.
Stopped out of filler.

Caught my attention later in the day when it reclaimed VWAP, printing an Indy-long pattern on the 30/60min charts. Still very low RVOL, so momo plays out of the question.
9EMA@60min timeframe was holding the stock higher.

Got back long Tier 0 size, risking wide stop below the 9EMA@60min, expecting the breakout and the rally higher towards $320s.

Rejected R1=$315 once more, rolled-over but 9EMA@60min chart stepped up and held support again.
3rd time was the charm, sold small at $318, holding the rest for a swing and a price target of $323-325.

(-) Could have taken a momo add once it cleared R1=$315 and held above it as support.

image

Worked great, making new ATHs > $325.
Didn't provide clean opportunity for an intra-day add on a break-out setup in-front of ATHs=$325. Took-off and never looked back.

Took some in-front of $325. I sold more as it got extended close to $329.
Got out of rest position by mistake. Intent was to hold rest for a swing.

image


Execution detail:

Date/time Symbol Side Price Position
2020-07-17 09:33:03 LULU buy $314.430 long
2020-07-17 09:47:55 LULU sell $311.800 0
2020-07-17 11:29:33 LULU buy $314.137 long
2020-07-17 11:52:50 LULU buy $313.960 long
2020-07-17 15:29:31 LULU sell $318.740 long
2020-07-20 11:38:31 LULU sell $322.850 long
2020-07-20 12:21:28 LULU sell $328.890 long
2020-07-20 12:38:53 LULU sell $328.080 0


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