TCOM Trade on Jul 28, 2020 09:58 from Cklamb: Tradervue User Stock Trades.

TCOM
Intraday Fundamentals
• Tier 3 Target and rating change
Technicals
ADV 5.66m RVOL .76 ATR .97 BETA 1.57 Short 2.31% Inst Own 69.1%
Daily Chart

Hourly Chart

Intra Chart

Trading Strategy
• Short 31.50 in the opening unless the action on the tape is real strong
• People are up nice and this should see some heavy profit taking in the morning session
• A hold of 29 is a good position for a long
• VWAP tests and SMA momentum plays off intraday levels
Reading the Tape
This was good read on the hold of 28. It could not print 28.01. I think that I was in at spot that would not get hit again and this tapped out a good position. However, the market structure stop would have gotten wicked out as well and this would have turned loser by 4 cents before getting the bigger trade
Trade Management
Trade Notes