Stock has a RVOL 2.07(8:50am) Volume was 300K with AvgV of 3M, ATR $2.12, Short Float ~11%, Important levels: 13.5, 13.8, 14, VWAP from DECEMBER 30 at $13.63, AM VWAP $13.87, PM VWAP $13.77, Y VWAP $12.67, $12.79, $14 was a turning point, act as support from Dec 29, posibility of holding as support, short in case stock losing $13.50, aslo I saw the buying pressure at 8am from $13.50 area, Stock oppened and went higher to $13.80,
intraday VWAP was there also, stock dropped back doen to $13.50 on elevated volume with steepnes in price, I saw bids stopped at $13.50m stopped and don't move, I threw bid at .51 cents-got in, ton of prints went through that .50 cent and bid didn't drop, at some point bids dropped to .49 cent - 46 cent and immediatelly rebid to .50 cent, next time I'll add there, stock went to .80 cents area and dropped back down to .42 cents and
stopped, offers were trying to stay above .50 cents, I didn't see continuation lower, bids didn't drop that area, I'm risking PM low around .35 cents, bids were slowly stepping higher I threw .46 bid to add, stock came to $14 area, I sold half, $14 was a heavy level, we broke above - I threw bid at $14.01, and here I started to do a bad trading, in PM we had a selling pressure from $14.20 area, $14 also was a hell of the level, I wanted to take
profit around that .20 cents area but was saying to myself "play the bigger move", but I'm always take profit at the levels, must have because you never know if we'll break above or not .40 and .50 cents were levels too, ok, stock started to consolidate below those levels always holding $14.15 area and rebidding at .20 cents, so I added at .17 cents, stock lost that level and came back to $14 - I took off the last add
After the drop, stock came to $13.70 and stopped, .80 cent is a level, we pushed above .80 cent, I threw bid at .82 cents, stock came straight to the previous top with good power but again I was continue saying to myself "don't sell play the bigger move" but you always must to take some off near the level esecially when you saw the first failure to pass through those area, stock back to $14 area and started to wedging, I didn't add there, we lost $14 but not for a lot, .80 area was holding us very good, tight consolidation for 10min below $14, we broke above $14 and I added at .02 cents, intraday VWAP was around .92 cents, we lost it - I took off the added lot, Got out when stock came back to .80 cents area
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-01-05 09:31:23 | GOEV | buy | $13.510 | long |
2021-01-05 09:37:54 | GOEV | buy | $13.460 | long |
2021-01-05 09:40:54 | GOEV | sell | $13.940 | long |
2021-01-05 09:41:54 | GOEV | buy | $14.010 | long |
2021-01-05 09:51:17 | GOEV | buy | $14.170 | long |
2021-01-05 09:52:12 | GOEV | sell | $14.020 | long |
2021-01-05 09:54:07 | GOEV | sell | $13.910 | 0 |
2021-01-05 09:58:34 | GOEV | buy | $13.820 | long |
2021-01-05 10:34:06 | GOEV | buy | $14.020 | long |
2021-01-05 10:51:44 | GOEV | sell | $13.880 | long |
2021-01-05 10:53:14 | GOEV | sell | $13.800 | 0 |
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