Shared by
spyrosz
I really liked the daily on this one. Nice potential for well-calculated trades on a name that:
a) reported decent earnings 1 week before.
b) belongs to a hot sector (solar energy).
Break and hold above R1=$87.5, opens door to R2=$90.8, and then R3=$95.
Alert hit when it tested yesterday's HOD=opening print=$86.5 after a nice Double-Bottom at S1=yesterday's close=$84.5 which I did not take. Waited 3-hrs to finally resolve to the upside, break and hold above $86.5 showing some commitment.
Got long filler once it broke above $86.5, risking bottom of consolidation $86, added at the pullback to the resistance, added more through $86.7s, expecting the push to R1=$87.5. Break and close above R1 and I would take take 50% of size as swing.
Sold a lot at $87.2s as it had some trouble pushing higher, took everything off before the bell.
Look at it $90 post-market after Trump's tweet for presidency transition:(
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-11-23 14:24:29 | FSLR | buy | $86.640 | long |
| 2020-11-23 14:33:07 | FSLR | buy | $86.580 | long |
| 2020-11-23 14:35:31 | FSLR | buy | $86.600 | long |
| 2020-11-23 14:35:31 | FSLR | buy | $86.600 | long |
| 2020-11-23 14:36:23 | FSLR | buy | $86.570 | long |
| 2020-11-23 14:43:51 | FSLR | buy | $86.700 | long |
| 2020-11-23 15:12:26 | FSLR | sell | $87.180 | long |
| 2020-11-23 15:50:00 | FSLR | sell | $87.250 | long |
| 2020-11-23 15:53:49 | FSLR | sell | $87.100 | long |
| 2020-11-23 15:54:24 | FSLR | sell | $87.000 | long |
| 2020-11-23 15:59:24 | FSLR | sell | $86.880 | 0 |
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