ATVI Trade on Aug 4, 2021 12:02 from mrideout: Tradervue User Stock Trades.

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mrideout

 

Daily:

Price levels: 84.98, 82.25
Inst. Ownership: 89.60%
ATR: 4.28
AVOL: 7.97M
VOL: 14.9M
Float: 770.73M
Short float: 1.29%

Intraday:
Price was in a downtrend on the daily chart. On open, price sold off heavily from 85 down to 80.50. Price rallied back to ~82 which was a prior intraday level, creating a double top. Price then fell back below vwap and I got short following a 5 min shooting star candle near the 5 min with a price target of LOD. At first, price did start to sell off to the intraday level at 81.26, but then immediately got bought back up. I stopped out for a 16 cent loss on a new 5 min high that formed. Because price action was whippy, I didn't flip long.

areas of improvement
- While price was in a daily downtrend, it was already near it's daily ATR. Becareful of this when looking for continuations.
- Getting short at the 82 level would have been better. The 1 min chart had a clear entry at 11:36 when price rejected 82. On the 5 min, there was a double top with the first at 11:20 on elevated volume. The second top was marginally higher, but on lower volume at 11:30. This indicated weakness. Price was also extended from the 9 ema. Look to short these.


Execution detail:

Date/time Symbol Side Price Position
2021-08-04 12:02:19 ATVI sell $81.370 short
2021-08-04 12:12:36 ATVI buy $81.538 0


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