FEYE Trade on Dec 21, 2020 09:33 from iDrummer03: Tradervue User Stock Trades.

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iDrummer03

 

FEYE Monday 12/21/2020
News Drop Second Day Trade. (Can look for continuation to hold small % after successful)
FEYE stats:

RVOL Friday (previous day): 4.17
RVOL Monday (Day of Trade): 2.08
Average Volume: 7.64 Million
ATR: 1.42

Float: 224 Million

Insider owns: 2%

Institutional owns: 81%

Short Float: 11%

FEYE overview:
FEYE ripped to the upside, all day Friday, on news that they detected the USA's Recent Major Hacking.
The only major 15 min Consolidation level it set up was between $17 and $17.35.

This 15 min intraday consolidation occurred during the middle of the Trading Day from 9 Pacific to 10:15 Pacific. (A lesson from this playbook FEYE has shown a midday slowdown habit the day before which was a significant day.)

My levels :
R3: Yesterdays high: $19.89
R2: Yesterdays close: $19.25
R1: Premarket consolidation levels: 18.73
S1: $18.00
S2: $17.12
under S2 more than 1 min bar print im not sure of trade.
supports aka dip spots for entering or adding some size

Big Picture:
Spy working on more all time highs. A consolidation pattern on SPY forming just below ATH during the day this trade begins.
(could cause sluggish response time on future trades like this)

Premarket Monday:
FEYE Established 17.76 as the Premarket low with low volume and a slightly drift off look.
big volume kicks FEYE up off that premarket low 17.76 and we hold sideways for 2 hours
with a bit more clarity on the chart now, even within a tighter range.

S1 tapped down and within one more full candle 2 total min, we move up thru R1 substantially aiming for
We consolidate back down 50% of that 1 min bar for 1 min and our next move is above the yesterday after hours significant marks.
next candle we take out R2
and within the next 1 minute we take out R3.
FEYE moves up another 2 minutes. where we hit the long term resistance of 20.69
I hold and we retrace a full 1 min candle so i cover.
i should have held for the full day and a couple days. because of how long term this resistance was, i should have expected a semi substantial pull back. longer than 1 min.

FEYE retraces the half of the trading day shaking out weak hands (me this time)
to continue on making more powerful all time highs, for the next two days.

Because of the size i spent on my call option unfortunately i wasnt trading shares i covered at a (scared time) without listening to the Reasons to Sell I will plan better for next time.


Execution detail:

Date/time Symbol Side Price Position
2020-12-21 09:33:54 24 DEC 20 20 CALL buy $0.3700 long
2020-12-21 09:39:38 24 DEC 20 20 CALL sell $0.6400 0
2020-12-21 10:10:09 24 DEC 20 21 CALL buy $1.230 long
2020-12-22 09:46:06 24 DEC 20 21 CALL buy $0.8000 long
2020-12-22 09:51:54 24 DEC 20 21 CALL sell $0.9400 0


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