PINS Trade on Oct 28, 2020 09:59 from Cklamb: Tradervue User Stock Trades.

PINS
Intraday Fundamentals
• Recent run-up to ATH
• Earning are PM, markets are down, expect a sell the news event
Technical Stats
ADV 17.61m RVOL 1.02 ATR 2.50 Short 4.45% Inst Own 72.7%
Daily

• Still showing the gap from last week, with earnings today
Hourly

• 47.50 may act as the 50% gap fill and 52 is starting to look like resistance
• 50 has acted strong after the gap up
Intra
Trading Strategy
• Short 50.50 on a retest,
• Short 52 with a spike into it, changing tape at the open
• Long 49 for a test of 50
• VWPA test at the open
Reading the Tape
I did catch some failure on the tape on this early as the market opened and again as this stalled under 50.50. I would also see the quick flush of 48.60 and a stall on the tape between 48.70-.77 before it started holding 48.80
Trade Management

Trade Notes

A solid anticipation trade looking for the break of 49. This was consolidating above .80 after a solid bounce off .50 and move back above .70. I did take the first partial to early but after a sizable rejection at .98 fearing me out a bit. I worked on holding the rest for the test of VWAP and keep tightening my stop one too many times with tick fever. This set up well and I needed to be a little more patient considering how well I had already started on this name.