FL Trade on Aug 10, 2020 09:35 from Cklamb: Tradervue User Stock Trades.

FL
Intraday Fundamentals
• BZ: Foot Locker shares are trading higher after the company issued Q2 EPS guidance above analyst estimates and reported an 18% increase in same-store sales in Q2.

Technicals
ADV 2.71 RVOL 1.37 ATR 1.30 BETA 1.37 Short 9.8% Inst Own 88%
Daily Chart

Hourly Chart

Intra Chart

Trading Strategy
• Gap fill long PD High as support play here at 27.60 if it gets there. If it does the risk could still be as high as 40 cents stopping under 27.20
• The short term level as support play at 31.40 or a recent high coming off the hourly. This will be a better long if it flushes this level and recovers to hold
• A long term level as support play at 30.20. this will act as a support 2 at the open and should be played immediately after the test our small flush of the level.
• Short VWAP at the open if it does spike. Small load risking 34.50ish, if this starts to work, hold a for new market structure and look to add and adjust the risk

VWAP Resistance play. I set this up as the spike down cleared 28.50. I expected a near term test of VWAP and then a continuation of the opening move down. I set to limit in at VWAP on the short side and lifted the order as the momentum coming in looked like it would break. This allowed me to get a tighter stop as I hit the bid as soon as it broke VWAP. This worked quickly and made it easy to hold until the tape got strong and looked like it may try to extend back into the SMA. This netted 2.5 to one on the original risk. However, some more patience on this I could have got a structure stop just above 29 giving me a chance to get a little bit of the last move down.