SONO Trade on Nov 19, 2020 09:48 from Cklamb: Tradervue User Stock Trades.

SONO
Intraday Fundamentals
• BZ: Sonos shares are trading higher after the company reported better-than-expected Q4 EPS and sales results and issued FY21 sales guidance above estimates. The company also announced a $50 million buyback.
• MS and RBC raised target
Technical Stats
ADV 3.2m RVOL 2.56 ATR .7 Short 6.07% Inst Own 64.40%
Daily

Hourly

Intra

Trading Strategy
• Pm range and make a decision after the first 5
Reading the Tape
I did watch this move into 22.00 in a fairly predictable pattern on the tape. I was lucky on the add here though as I did not see a stall on the tape or anything with size.
Trade Mangement

Trade Notes
An HoD resistance play. I was willing to work into this as I started to look extend on the chart coming out of the opening half hour. I stay with the tape through .50 and .75 as this set a few new highs for the day. After the break of .75 the following pullback I decide to start working in at the next high getting filled at .87. I held expecting this to break 22 before turning for a test of .75 and hopefully .50. This would run over 22 more than I had expected. I was added on a small stall on the tape getting a solid fill. This would trade against me a little longer. I believe extra run over led me to be a little more anxious to take this off at .75 than attempt to hold .50 which I did. This would have given me the original target. This had been the hardest part of this type of trading set up for me. I am going to add until the HoD I need to hold the trade until target. This left a lot on the table