FDX Trade on Dec 18, 2020 10:27 from spyrosz: Tradervue User Stock Trades.

Earnings Release:
-- EPS and rev. beat, rev. +19% Y/Y
-- operating margin in-line
-- No FY21 or next Q guidance
-- +90% YTD vs +15% of SPY, +75% instit. holding

Thought earnings were decent overall. But people thought otherwise.
-- not sufficient rev. growth for a +90% runner? Maybe.
-- No guidance? Who issues guidance anymore? And the ones that do get hammered...

Premarket gap-down right in-front of S1=50SMA@daily=$281. Tested and held S1 during the whole premarket session and tried a lift-off to R1=$286.5 closer to the bell.
Not having a clear thesis on this one, I just waited to pick a direction.

Opened weak with an opening flush thru S1=50SMA@daily=$281. Below S1, next support at S2=major daily support level=$274 (-$7!). They bought it aggressively below S1, with long lower wicks tagging LOD=$278. Bounced hard and tried to reclaim S1 and VWAP. I just sat tight.

KABOOM!! rejection candle brought price back to LOD=$278. Wow! Totally missed that quick entry thru VWAP, but started watching tape like a hawk to identify weakness and 2-ry momo entry for the break of LOD and a move to S2=$274.

Remained weak, beautiful flat-line consolidation in-front of LOD for 30mins with offer stepping lower,

got short Tier 0, risking tight stop vs $280, expecting the break thru LOD and a move to S2=$274.

(-) Missed the add thru the break of LOD, as tape gained speed and t+s flashed red...

Covered small in-front of $277 whole number, and rest as it held $275.5s.
Formed an amazing "Selling-off into the close" pattern:
-- retracement back to VWAP
-- rejected the m. average to the penny and rolled over
-- small bounce putting a lower high below VWAP
-- short another tier, risking the previous high/VWA{, expecting a retest of LOD at a minumum.

Didn't play the pattern, but tried to get involved in a calculated way for the break of LOD=$275.5 and the momo move to S2=$274.

Covered half in-front of $275, rest b/e when it reclaimed LOD.