FSR Trade on Aug 10, 2021 10:36 from mrideout: Tradervue User Stock Trades.

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mrideout

 

Daily:

Price levels: 18.94, 16.99
Inst. Ownership: 46.50%
ATR: 1.6
AVOL: 9.3M
VOL: 47.7M
Float: 157.76M
Short float: 23.20%

Intraday:
On daily chart, price gapped up above resistance at 17.00. On open, price rallied to 19.50, but created a double top with the second high being on lower volume. I started watching the ticker when price was at the 50 ema on the 5, and got short for a death cross. I decided to add when I saw more weakness in the tape (price did a tiny pull back and then sold off back to the 50 ema on the 5). Took profit once price created a "doji" like candle and formed a new 5 min high.

areas of improvement
- Ideally an entry would have occured at the break of VWAP, but i wasn't watching the name at that time. For a death cross, my entry was fine.
- Profit target was the 17.00 level, but signs of strength appeared when price formed the doji and the new 5 min high occurred (also near a premarket level).


Execution detail:

Date/time Symbol Side Price Position
2021-08-10 10:36:08 FSR sell $17.733 short
2021-08-10 10:41:11 FSR sell $17.730 short
2021-08-10 11:15:24 FSR buy $17.350 0


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