FND Trade on Aug 14, 2020 15:00 from tradelikelarry: Tradervue User Stock Trades.

Trade Planning:

• Daily Chart: Uptrend, Consolidation below ATH.
• TTM Squeeze: Daily
• Earnings Date: 10/30

Reason For Entry:

• Price action is in the buy zone following a 3 and 8 EMA cross over the 20 MA. Looking for a move to ATH as price action bounced off the 20 MA. 8/25 - added to position at the 8 EMA (strong support area).

Reason For Exit:

• 8/21 out half position at the Target 1 area. 8/24 - out another portion of the trade at a new ATH level. 8/25 - closed full position at the ATH area, markets are extended and wanting to lock in the win here.

Recap:

• Entered the trade as price action broke through a resistance level (buy zone). Exit 1 was at the ATH area, Exit 2 was a push for a new ATH. Price action retraced to the 8 EMA (strong support area), I then added to my position. Final exit was back at the ATH area. I closed the full trade as the market is very extended, wanted to lock in the profit. Nice win overall.