NFLX Trade on Apr 22, 2021 13:06 from spyrosz: Tradervue User Stock Trades.

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spyrosz

 

Big gap down on earnings day (terrible report), established range and chopped around.
R1=Day I HOD=$515, S1=Day I LOD=$505.
Below S1, the bottom of uptrend/channel sitting at S2=$502 was major support. Break and hold below S2 and $475-480 could be in-play the following days.

Missed the fade at the open in-front of R1, moved quickly, didn't give a 2nd chance for a calculated short entry. Broke S1 and flushed to S2.

Remained weak, below VWAP, couldn't remount S1=Day I LOD=$505. Saw the strong violent pops from S2 back to S1+VWAP, hesitated to take a position, but once market got hit, I thought it would eventually continue lower.

Got short Tier 0 as it rejected S1=$505 + VWAP twice, risking tight stop above S1 $506, expecting to retest LOD=$501 at a minimum.

Couldn't break the channel despite market weakness, so the moment it spiked to S1 I quickly cut it at b/e.

image


Execution detail:

Date/time Symbol Side Price Position
2021-04-22 13:06:43 NFLX sell $504.090 short
2021-04-22 13:31:17 NFLX sell $504.500 short
2021-04-22 15:38:01 NFLX buy $504.800 0


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