INDO Trade on Feb 28, 2022 08:58 from BanalityOfEvil: Tradervue User Stock Trades.

PLAY
INDO – Opening Drive
CATALYST
Petroleum stocks are trending given recent sanctions and inflation
TRADE IDEA
INDO will test 16 on the open
SETUP QUALITY
C – strength of pattern is not great
BIG PICTURE
• SPY gapped down in premarket but found support early
• VIX @ 29
• Float 1.5M
• RVOL 3x
• ATR .77

PLAN
• get long in premarket for a break of 15, taking a scalp and then adding back on opening support for a move higher, selling 80% around $16, leaving 20% runner, stop is break of opening discovery-support

EXECUTIONS AND PRICE ACTION
@8:57 bought the break of premarket pivot for a move through 15
@9:22 took stop
KEY TAKEAWAYS
• the past 3 times you have traded a breakout in this name it has failed to follow through.
• If trading INDO in the future, then only scalp