PINS Trade on Oct 30, 2020 09:41 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

I am not sure why I sold this so quickly. I did limit into this. I set the order when this broke the PM high and waited for it. I did take it off as it started to fail at the PD low. But, I was small enough I could have given 60.50 and looked to hold for a 1 for 1 trade, or started with an actual tier allowing me to take some off and try for something that ran a bit higher.