PINS Trade on Oct 30, 2020 09:32 from Cklamb: Tradervue User Stock Trades.

PINS
Intraday Fundamentals
• Second day Play on blow out earnings and social media positivity
• Reached ATH early.. sold off and closed near LoD
Technical Stats
ADV 19.88 RVOL 7.09 ATR 3.85 Short 4.45% Inst Own 72.70%
Daily

Hourly

Intra

Trading Strategy
• Expect a pullback again today with as large as yesterday’s gap was
• Look long at 58.50 if it gives some type of basing action an work it as a PD level as a shorter term trade looking for a test of 60
• Look short on a short term scalp at 64 and work that back into the PM high at 61.50
• If this holds 64… consider the long but look for confirmation that this may run a hold at 58.50 and a move back into this, maybe??
Reading the Tape
There was not much that caught my eye. I needed a little more focus here.
Trade Management

This is not a great set up. I cannot remember if there was some tape read in here. The add at he PM low was solid though making this a decent opening scalp. I did not have a stop in my mind though making this a bad trade in general.