Shared by
spyrosz
Nice push right off the 9SMA@daily premarket breaking above R1=inflection point=$172.3. Next pivot R2=major daily resistance level=$174.8-175 for the add, then clear sky to R3=ATHs=$179.5s.
A bit choppy above R1=$172.3 for the 1st 15-20mins after open, but once it retested the level and I saw the hard bounce + VWAP reclaim,
got long Tier 0, risking below R1=$172.3 to the penny, expecting the break of R2=$174.8 in order to add more for the move to $176+, eventually R3=$179.5s.
Sold small in-front of R2, reloaded the sold shares once it started holding above $173.5+VWAP, tightening stop below that level for the whole position.
What a fake-out move before the push. Unfortunately I missed the quick push through VWAP and then got afraid to chase higher.
B/e trade. DIS you won this time.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-12-23 09:49:33 | DIS | buy | $172.985 | long |
| 2020-12-23 09:50:19 | DIS | buy | $173.270 | long |
| 2020-12-23 09:50:23 | DIS | buy | $173.235 | long |
| 2020-12-23 09:57:34 | DIS | sell | $174.470 | long |
| 2020-12-23 10:29:00 | DIS | buy | $173.690 | long |
| 2020-12-23 12:25:33 | DIS | sell | $173.210 | 0 |
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