WDC Trade on Dec 29, 2021 09:40 from cesc96: Tradervue User Stock Trades.

Open pullback

Requirements:

Gap : >2%
pmVOL : >50 K
Time: Before 10:00
Direction: Gap direction (sell weak, buy strong)
RVOL: >2
avg Vol: > 1M
Long Term Chart : Test of a pivotal area
Float: >30 M
History of former runner: YES
Major ETF movement and strength: Possibly supporting the move.
Catalyst : ER beats, News, Second day play, Upgrade/Downgrade

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Overall Picture

.
Dopo il piccolo selling di ieri comincia ad accumulare in area massimi storici.

Non riesce a prendere i massimi storici e comincia un pattern di accumulo sul bottom.

Today's Watchlist

Today I had on the watchlist:

CALM: ER
The nation’s largest egg producer earned 2 cents per share for its latest quarter, well short of the 30-cent consensus estimate. Sales were better-than-expected, but the bottom line was hit by higher costs for packaging and labor.

BABA: NEWS
The China-based e-commerce giant is considering the sale of its 30% stake in social media advertising company Weibo (WB) to state-owned Shanghai Media Group, according to a Bloomberg report.

VSCO: NEWS
The intimate apparel retailer announced a $250 million accelerated share repurchase program.

TSP: NEWS
TuSimple Becomes First to Successfully Operate Driver Out, Fully Autonomous Semi-truck on Open Public Roads

Play

WDC

Company Description

Sector: Technology
Industry: Computer Hardware

Western Digital Corp. engages in the developing, manufacturing, marketing, and sale of data storage devices and solutions. It operates through the following product categories: Client Devices, Data Center Devices & Solutions, and Client Solutions. The Client Devices category includes mobile, desktop, gaming and digital video hard drives, solid state drives (SSDs), embedded products, and wafers. The Data Center Devices & Solutions category covers capacity and performance enterprise hard disk drives, enterprise SSDs, data center software, and system solutions. The Client Solutions category offers removable products, hard drive content solutions, and flash content solutions. The company was founded by Alvin B. Phillips in 1970 and is headquartered in San Jose, CA.

Trade Scenario

WDC: NEWS
Western Digital shares are trading sharply higher amid a generally lower tech sector on Wednesday on news that Samsung has reduced production at its NAND memory chip plants in Xi’an, China, because of new restrictions in the region relating to a spike in Covid-19 cases.
According to CNN, the city of 13 million people is under strict lockdown aside from essential services.

Trade Variables

Symbol: WDC
Gap: +2.46%
pmVOL: 121 K
Time: 9:40
Direction: Long
RVOL: 2.49
avg Vol: 4 M
Float: 305 M
avg ATR: 1.92
Catalyst: NEWS

Trade Plan

WDC
Fade sotto la 200.

Set-up: Open pullback
Side: Long

Trade Overview:

Analysis:

Noto questa forza esplosiva nei primi minuti con il mercato che seguiva e poco dopo un ottimo pullback sulla vwap con volumi di vendita molto bassi, abbassamento del poc e candele di lateralizzazione perfette.

Entro al volo sul pop e pochi secondi dopo schiaccio due volte la hotkey per scaricare metà perchè la prima volta non mi aveva dato niente, risultato chiusura totale della posizione...
Alla fine è andata bene perchè sarebbe ritornata sul mio prezzo di carico, però mi girano i coglioni che con TZ ogni volta deve esserci qualche problema.