DIS Trade on May 17, 2021 09:42 from spyrosz: Tradervue User Stock Trades.

Terrible earnings report on Friday, missed on revenues and Disney+ subs.
Gapped down on Day I (earnings day), losing AVWAP from the November 19 low, and set up a range:
R2=AVWAP from Nov. 19 low=Day I HOD=$175
R1=resistance pivot=$173
S1=support pivot=$170.5
S2=Day I LOD=$169

Day II: 2nd Day play, premarket plan was to short the opening pop towards R2=$175, expecting a rejection at that level, roll over, break thru R1, and a move towards S1/S2 support.

It was weaker than expected. Opened below R1=$173 and quickly flushed lower to S1=$170.5.
At the bounce back to R1,

got short Tier 0, risking the opening print above R1, wanting to add thru S1 break for the move to S2.

Covered small in-front of S1. Broke S1 and moved lower.

Reloaded size + added another half-tier at the backtest of S1, risking tight stop $170.65 for the add, since VWAP was a bit higher and I wanted to get out quickly in order to re-establish size closer to the m.average if it managed to get there.

Took the partial stop as it managed to remount S1, but once it failed to hold price and rolled-over, reloaded size hitting the bid, risking peak of the move $170.75, expecting S2.

Covered small $169.5, and then sat tight all-day waiting for it to hit target. Covered bulk in-front of S2=$169, then got flat by mistake:/
At least didn't go much lower today.

Remains on close watch for break of Day I + Day II LOD=$169 and a move to $160-165 area.