Shared by
pjphillips14
2021-08-07 10:36:26
Cup and handle
Pivot: 95.54
Technical: ~30 week base. 26% depth. Volume was low in the cup and lower in the handle. THen volume comes rushing in with a b/o in price at the exact pivot. This was followed by an explosive push in volume the following days 160-120-110-120-160-220million.
Fundamentals: Responded phenomenally to earnings. top 30 industry ranking. Fundamentally just can't be any better than this.
Decision: I decided to set a stop loss (would have sold) at the closing price on Friday because I really don't want to take a >2.5% stop loss in conjunction with the response to the pivot point and didn't follow thru the next day
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-07-28 10:59:55 | AMD | buy | $95.440 | long |
| 2021-07-30 09:51:59 | AMD | sell | $104.715 | long |
| 2021-08-04 09:40:42 | AMD | sell | $117.150 | 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!