Shared by
spyrosz
Pullback to major break-out level=IPO price from 2018=20SMA@daily.
Got long, risking low of break-out marubozu candle at daily=$14.63.
Added a bit more in-front of yesterday's close=16. This thing held very well during the market sell-off and trades higher than my 1st swing-entry.
Decided to trade it after it held yesterday's close=$16 and reversed higher, reclaiming VWAP.
Gave it a bit room but I had to take the loss when it broke yesterday's LOD=$15.83.
Got my attention when it managed to reclaim VWAP + yesterday's close=$16.
Got back in, risking LOD=$15.73, expecting the momo towards $16.5s.
Squeezed higher, and I sold in-front of R1=$16.5 and at $16.75 (HOD!!).
Still holding swing long, target $17 today or Wednesday (earnings day).
Sold the position as it rallied towards $17.75.
Held small size for earnings.
Got out at b/e after earnings dump.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-07-29 10:41:15 | SONO | buy | $15.740 | long |
| 2020-07-31 10:24:01 | SONO | buy | $16.040 | long |
| 2020-08-03 09:40:25 | SONO | buy | $16.090 | long |
| 2020-08-03 10:46:34 | SONO | sell | $15.830 | long |
| 2020-08-03 11:51:41 | SONO | buy | $16.050 | long |
| 2020-08-03 12:26:24 | SONO | sell | $16.420 | long |
| 2020-08-03 12:28:31 | SONO | sell | $16.730 | long |
| 2020-08-03 14:58:50 | SONO | sell | $16.340 | long |
| 2020-08-04 09:33:22 | SONO | sell | $16.120 | long |
| 2020-08-05 09:28:00 | SONO | sell | $16.890 | long |
| 2020-08-05 09:30:26 | SONO | sell | $17.080 | long |
| 2020-08-05 11:20:43 | SONO | sell | $17.310 | long |
| 2020-08-05 12:17:58 | SONO | sell | $17.260 | long |
| 2020-08-05 15:44:48 | SONO | sell | $17.540 | long |
| 2020-08-05 16:11:44 | SONO | sell | $15.740 | 0 |
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