Shared by
spyrosz
Gave back the whole COVID rally, approaching $37-39 zone which were the pre-COVID ATHs.
Some serious volume profile below that area.
Gap-down into $37-39 provided ideal opportunity for entry:
-- Got long Tier 0, risking 1xATR below the level $34s
-- Expecting strong bounce from that area
-- 1st target $52, 2nd target $63
01-26-2021 to 02-10-2022
Small profit taking towards 1st target $52, some at target. Working great!
02-23-2022
Insane relative strength vs collapsing overall market, looks like it is forming a right inverse shoulder.
Through $52 and $60-63 will come in no time
-- Re-loaded what I have sold previously, risking below the right shoulder $43s for the new add
03-03-2022
Another $52 rejection. This should have broken higher with such a chart.
Out of add, trimmed some core as well.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-01-24 07:29:56 | PENN | buy | $40.060 | long |
| 2022-01-24 08:20:57 | PENN | buy | $39.101 | long |
| 2022-01-24 11:54:04 | PENN | buy | $38.449 | long |
| 2022-01-26 09:40:10 | PENN | sell | $45.233 | long |
| 2022-02-01 11:37:43 | PENN | sell | $46.900 | long |
| 2022-02-08 11:09:57 | PENN | sell | $48.770 | long |
| 2022-02-09 10:13:36 | PENN | sell | $50.142 | long |
| 2022-02-10 10:23:30 | PENN | sell | $51.600 | long |
| 2022-02-23 10:20:52 | PENN | buy | $47.860 | long |
| 2022-02-23 10:22:02 | PENN | buy | $47.909 | long |
| 2022-02-28 12:24:35 | PENN | sell | $49.971 | long |
| 2022-03-03 11:14:42 | PENN | sell | $47.920 | long |
| 2022-03-07 10:44:51 | PENN | sell | $43.710 | 0 |
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