MAT
Intraday Fundamentals
• Solid earnings report
Technical Stats
ADV 3.5M RVOL 2.16 ATR .39 BETA 1.46 Short 5% Inst Own -
Trading Strategy
• Look for a short back into VWAP if this flushes the PM low and bounces clear most at 13.60 and hold some looking for 13.20
• If this bases at or above 13.60 look long and target 14 with the tightest market structure its shows on the one or the three
Reading the Tape
This just needed a better entry. I marketed in on a spike. I could have added to help me cause. I had decent risk on it already and figured I would work my patience on this and hope for either a new high to add to or a quicker flush. The flush before this was not something that I have seen often. I had the right idea and was willing to work this towards it's HoD. I am going to say that this was great for the self talk.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-10-23 11:12:20 | MAT | sell | $14.700 | short |
2020-10-23 11:28:36 | MAT | buy | $14.610 | short |
2020-10-23 11:51:02 | MAT | buy | $14.540 | 0 |
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