CNP Trade on Jan 27, 2021 15:17 from tjmiller2001: Tradervue User Stock Trades.

Entered swing on CNP after it fell down to a level it had support at, the 20.52-20.72 range. I entered long with a 4:1 RR after it entered the range and quickly showed buyers getting back in, pushing the price up. I feel good about this level as support and this is a trade I probably should've sized up on.

Beautiful trade. Name ran up in the morning and met resistance right at my level. When considering whether to get out or hold overnight, I noticed that it had made a lower high on the 5m chart. Although VWAP was holding well, this bearish indicator, along with this name already being at short term resistance convinced me to exit.

I'd love to reenter long if I see consolidation and a rise above that 20.60 zone again. I'd also love to get short if I see 22-22.20 act as resistance. Good range trading opportunity.

Lesson Learned: You're better at identifying good swing opportunities than good day trade opportunities. When you see a textbook swing setup, SIZE UP (responsibly).