PFGC Trade on Aug 3, 2020 15:48 from tradelikelarry: Tradervue User Stock Trades.

Trade Planning:

• Daily Chart: Uptrend, Consolidation below recent highs.
• TTM Squeeze: Daily
• Earnings Date: 8/12
• **IV: **
• **Potential Profit: **
• **Potential Loss: **

Reason For Entry:

• Playing the Daily chart. Price action is currently in the buy zone following a 3 and 8 EMA cross over 20 MA with volume. TTM is in a squeeze and watching for a break of the current resistance level. Earnings are next week so also looking for a run to the earnings date. Risking .5% of portfolio. Small play since the market is extended with a gap below.

Reason For Exit:

• 8/4 - out half position at Target 1. 8/5 closed second of position as the market gapped up again and is very extended. Locking in the win here.

Recap:

• The setup was correct as price action gave a 3 and 8 EMA cross over the 2O MA. I entered the trade as price action tested the 20 MA and buyers came in and pushed it back up to the buy zone. I risked a small amount as the market was extended at the time with gaps below. Exited the trade in 2 transactions, the first was at Target 1 and the second was just above Target 1. Reason for the early exit was that the market gapped up again and is very extended. I am anticipating a pullback and wanted to secure the win. Overall was a nice swing-trade.