Shared by
spyrosz
Massive sell-off from ATHs=$290s w/o any counter-trend move from the stock.
But today presented A++ long setup:
a) Gap-down right into MAJOR 2019-2021 previous resitance level, that had held multiple times and broke only during the 2021 COVID rally,
b) extended on daily, esp. weekly timeframe
-- Got long half-Tier 0 premarket as it was trading sub-$83s, half-tier only because it was reporting today, risking 0.5xATR=$6 below the level, $78s
-- Immediately reclaimed $83 at the open and pushed higher.
-- Sold 1/3 in-front of yesterday's close $89s, felt comfortable to sit through ER with rest 2/3.High 110s after ER. Luck meets opportunity or vice versa I suppose.
-- 1st target $134s
02-25-2022
Quick +40% from entry, ER gap holding for now. Sold another 15% here.
03-04-2022
Flat as it couldn't hold the gap-up.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-02-24 08:15:58 | SQ | buy | $82.400 | long |
| 2022-02-24 11:03:00 | SQ | sell | $89.250 | long |
| 2022-02-24 17:19:01 | SQ | sell | $100.770 | long |
| 2022-02-25 12:12:38 | SQ | sell | $116.850 | long |
| 2022-02-28 11:10:58 | SQ | sell | $128.575 | long |
| 2022-03-04 11:05:18 | SQ | sell | $107.790 | 0 |
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