SUMO Trade on Apr 13, 2021 10:21 from spyrosz: Tradervue User Stock Trades.

Gravatar

Shared by
spyrosz

 

Stalking this for a while. Got very tight between 9&20SMA@daily that they were about to cross each other. It was rejecting R1=$19.6 for 7-consecutive days. Above R1, next stop at R2=$21.3 with major supply sitting above.

Premarket plan was to get "long" only if it cleared and held above R1, for the move to R2.

Played well. Opened strong and rallied into R1=$19.6 (RVOL > 1.5), did a quick pullback and then pushed again.

Got long Tier 0 as it pushed thru R1=$19.6 on increased volume, risking bottom of pullback $19.2, expecting the move to R2=21.3.

Sold some into the quick pop to $20.5, which I reloaded mid-session as buyer stood up twice at $20.1 area + VWAP, risking tight stop below whole number for the add, expecting the push to target.

Couldn't push thru HOD convincingly, so I sold the add and some more core before close.

Holding 40% of core-size as swing long, target R2=$21+, stop below $20, as:
-- green on the name
-- having sold > 50% of size
-- strong close at HOD
-- Nice Day I candle on increased volume.

image

QQQs were taking a beating, so decided to get flat at the pop towards $21.
image


Execution detail:

Date/time Symbol Side Price Position
2021-04-13 10:21:47 SUMO buy $19.700 long
2021-04-13 10:45:25 SUMO sell $20.250 long
2021-04-13 13:00:43 SUMO buy $20.270 long
2021-04-13 14:26:37 SUMO sell $20.500 long
2021-04-13 15:07:55 SUMO sell $20.630 long
2021-04-13 15:30:41 SUMO sell $20.540 long
2021-04-14 09:58:20 SUMO sell $20.890 long
2021-04-14 10:16:48 SUMO sell $20.770 long
2021-04-14 10:16:53 SUMO sell $20.730 0


Leave a comment about this trade!

You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes just a few seconds to sign up, and it's free!

View plans, Sign up for free, or Log in