Nice and tight daily with 2-month sideways action consolidating the quick+big move from $279 to $360. Very well defined resistance levels, R1=$335.5s, R2=$342.5, and then the big one R3=major daily/weekly resistance lvl=$346.
It was gapping above R1=$335.5 premarket, so plan was to get "long" at the opening flush + retest of R1, risking tight stop below $334. Put bids $335-335.5 area and sat tight.
No opening flush:/
So I had to find another calculated "long" entry to get involved. 30-45min consolidation below $339.75-340, forming an asc. triangle + respecting VWAP as support was more than enough,
got long Tier 0, risking below bottom of consolidation $338, expecting the push to R2, then hopefully R3. Close above R2 would get me to swing it.
Small sell in-front of R2=$342.5, sat tight to watch how it held prices. Remained strong, buyers stepped up at each attempt to roll over, never managed to get even close to VWAP.
Nice consolidation as long as it took for the 9EMA@15min to play a bit catch up with price,
added another full-tier, risking bottom of 1st higher low=$341s, expecting continuation to R3.
Sold 50% of size in-front of target, held remaining size as swing, stop below R2=$342.5, target $350+
(+) Nice trading, easy!!
Small sell at opening gap above $346.
Sold some $356-358 area. Holding last piece, target is ATHs $365-366.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-12-28 10:06:58 | MA | buy | $339.650 | long |
2020-12-28 10:17:14 | MA | buy | $339.810 | long |
2020-12-28 10:34:22 | MA | sell | $342.300 | long |
2020-12-28 12:13:05 | MA | buy | $342.470 | long |
2020-12-28 13:40:28 | MA | sell | $344.370 | long |
2020-12-28 13:49:18 | MA | sell | $344.350 | long |
2020-12-28 13:50:24 | MA | sell | $344.220 | long |
2020-12-28 14:08:35 | MA | sell | $345.230 | long |
2020-12-29 09:30:38 | MA | sell | $348.010 | long |
2020-12-30 11:44:16 | MA | sell | $354.900 | long |
2020-12-31 10:05:24 | MA | sell | $358.490 | long |
2020-12-31 11:18:51 | MA | sell | $355.800 | long |
2020-12-31 11:45:00 | MA | sell | $354.900 | long |
2021-01-04 11:05:02 | MA | sell | $349.180 | 0 |
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