Very tight daily after the explosive Power Earnings Gap Up on 10/27, two-week digestion & range trading, with R1=AVWAP from earnings day=$34.5 holding it down. Break and clean hold above R1 opens the road to R2=$36 and R3=$37.
Not on main watch, but alert hit as it opened strong and tested R1=AVWAP from earnings day=$34.5 right out of the gates.
Got long filler size immediately just to have it close, risking LOD=opening print=$34, wanting to add more size at the break of R1.
HOG held prices well despite being extended on larger timeframes (>15min chart), consolidated below R1=$34.5 for about 25-30min more, and tried to take out R1 once again.
I was quick to identify the buyers on tape+LvlII, so jumped in as it was about to lift-off from base-VWAP, risking tight stop below VWAP, expecting the break of R1, hold above, rally to R2=$36.
It broke above R1, but failed to hold and rolled over. Too extneded on 15min chart for sure. Got out of the adds at b/e , stayed with filler risking LOD=$34.
Held LOD=$34 and the asc. 9EMA@15min chart for the Indy-long pattern, reclaimed VWAP and went again.
Reloaded to the long risking tight stop below VWAP, expecting the decisive break of R1 this time, hold above, rally to R2=$36.
Took profits on the way to $35 whole number, holding about 60% of size for the move to R2/R3 the following days.
Sold some preamarket on the extention to R2=$36.
Tried a couple of times to add for the break of R1=$36 intraday, as it was forming a nice Indy-long pattern on larger timeframes. Didn't manage to push higher, so exited the intraday adds.
Tried to add for the break of R1=$36 intraday one more time, this time I held, as it closed well at HOD, above R1=$36.
$37 finally hit to take partial from swing size. Nice:))
Great +5% day and extention higher into the 200SMA@weekly, hitting 2/3 swing targets. Next and final one one at $40.7.
Closed it.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-11-13 09:51:25 | HOG | buy | $34.600 | long |
2020-11-13 10:22:02 | HOG | buy | $34.420 | long |
2020-11-13 10:27:51 | HOG | buy | $34.510 | long |
2020-11-13 10:50:03 | HOG | sell | $34.342 | long |
2020-11-13 11:41:21 | HOG | buy | $34.400 | long |
2020-11-13 11:50:30 | HOG | buy | $34.465 | long |
2020-11-13 11:56:35 | HOG | buy | $34.530 | long |
2020-11-13 11:56:51 | HOG | buy | $34.535 | long |
2020-11-13 12:53:29 | HOG | sell | $34.940 | long |
2020-11-13 13:13:54 | HOG | sell | $34.980 | long |
2020-11-13 13:31:58 | HOG | sell | $35.140 | long |
2020-11-13 15:05:01 | HOG | sell | $34.995 | long |
2020-11-16 07:15:05 | HOG | sell | $35.620 | long |
2020-11-16 07:15:06 | HOG | sell | $35.620 | long |
2020-11-16 07:15:06 | HOG | sell | $35.690 | long |
2020-11-16 07:32:35 | HOG | sell | $35.840 | long |
2020-11-16 11:43:42 | HOG | buy | $35.910 | long |
2020-11-16 12:18:43 | HOG | buy | $35.950 | long |
2020-11-16 13:39:26 | HOG | sell | $35.690 | long |
2020-11-16 14:31:24 | HOG | buy | $35.898 | long |
2020-11-16 15:58:36 | HOG | sell | $35.900 | long |
2020-11-17 12:24:58 | HOG | buy | $36.000 | long |
2020-11-17 13:28:37 | HOG | buy | $36.118 | long |
2020-11-17 18:24:35 | HOG | sell | $36.100 | long |
2020-11-18 10:00:31 | HOG | sell | $36.400 | long |
2020-11-18 10:42:54 | HOG | sell | $36.570 | long |
2020-11-18 11:03:53 | HOG | sell | $36.450 | long |
2020-11-19 14:44:25 | HOG | sell | $36.850 | long |
2020-11-19 14:59:00 | HOG | sell | $36.780 | long |
2020-11-19 15:45:39 | HOG | sell | $36.950 | long |
2020-11-23 09:34:04 | HOG | sell | $38.390 | long |
2020-11-23 11:13:54 | HOG | sell | $39.080 | long |
2020-11-23 11:34:15 | HOG | sell | $39.050 | long |
2020-11-23 15:11:34 | HOG | sell | $40.072 | long |
2020-11-24 10:18:29 | HOG | sell | $40.470 | long |
2020-11-24 10:39:08 | HOG | sell | $40.370 | 0 |
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