Shared by
diemo
Big Picture
SPY gapped up slightly 1.24% after a stronger yesterday afternoon.
and kept on moving up on market open
Daily
SNPS - gaps slightly up 0.48% second day after earnings:
(We had a strong day yesterday, seeing a first higher low: beginning of an up-trend?)
Idea
There's a lot of room to the next R-level. When price breaks important 240.00 - long.
Execution
Entered right on the open with a smaller position. Exited nearly perfectly. I was sure that the AfterMarket behaviour showed todays range.
Rating
8/10
- Pretty confident execution.
- little risky entry.
Chart
Learning
- the daily chart is the most important to read! The 30min chart helps to identify trend. (lows and highs)
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-05-20 09:30:00 | SNPS | buy | $239.990 | long |
| 2021-05-20 09:43:00 | SNPS | sell | $245.000 | long |
| 2021-05-20 09:47:00 | SNPS | sell | $244.590 | 0 |
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