Playbook Trade:
Opening Drive 9EMA Bounce Scalps
Big Picture:
SNOW gapped up on volume breaking the 328.50 level that was a previous hard rejection point sending SNOW into a 9 month accumulation phase. The break of 328.50 signaled to me and a lot of other buyers that this stock is now making higher highs on larger timeframes.
TA:
Really when i was trading this I had no levels over 328.50 so I mostly used the MovAvg, VWAP and the tape. Tape was very strong off the open and the MovAvg were spacing out stacked up. Buying pullbacks to the 9EMA worked well for entries and then I exited based on the tape showing sellers stepping in over 337 so I decided I had made enough profit and took my profit stopping out my add entry.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-10-14 09:38:30 | 15 OCT 21 340 CALL | buy | $1.550 | long |
2021-10-14 09:42:34 | 15 OCT 21 340 CALL | sell | $2.050 | long |
2021-10-14 09:43:33 | 15 OCT 21 340 CALL | buy | $2.150 | long |
2021-10-14 09:47:17 | 15 OCT 21 340 CALL | sell | $2.600 | long |
2021-10-14 09:47:58 | 15 OCT 21 340 CALL | sell | $2.850 | long |
2021-10-14 09:52:31 | 15 OCT 21 340 CALL | buy | $2.900 | long |
2021-10-14 10:03:07 | 15 OCT 21 340 CALL | sell | $2.200 | long |
2021-10-14 10:04:47 | 15 OCT 21 340 CALL | sell | $2.150 | long |
2021-10-14 10:04:47 | 15 OCT 21 340 CALL | sell | $2.150 | 0 |
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