Tried it once for a small winner. This is the 2nd attempt:/
a) Nose-dive into MAJOR 2018-2020 inflection point=$95, that had held multiple times as support/resistance.
b) Remains over-extended in the weekly timeframe.
c) It is trying really hard to stay above $95 support level. The only time it opened below the pivot, rallied hard and reclaimed it intraday.
c) Relative strength vs QQQs today was notable, the only tech name that rallied and stayed green while everything else melted lower.
Didn't pay attention at the open to go long the flush into $95, so had to buy higher.
-- Got long Tier 0 at the 1st pullback to VWAP, risking wide stop $91s
-- I don't want to see it below $95. Instead I would really love some more relative strength vs Qs for now.
-- Will add more Tier, if buyers step up and this thing starts holding above $100.
--1st target 9SMA@weekly=$122
03-16/18-2022
Small profit taking towards target 9SMA@weekly=$122 to play safe and bank some. Looks good.
03-22-2022
Sold more, market getting over-extended here, PYPL in-front of resistance.
03-28-2022
Flat because it looked like it was rolling over, losing the daily 9SMA.
Literally sold the bottom, and not only that, I never re-entered:/
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-03-14 12:07:33 | PYPL | buy | $98.226 | long |
2022-03-16 09:55:11 | PYPL | sell | $103.380 | long |
2022-03-16 12:05:23 | PYPL | sell | $105.675 | long |
2022-03-17 10:16:14 | PYPL | sell | $108.816 | long |
2022-03-18 10:14:11 | PYPL | sell | $114.105 | long |
2022-03-18 13:42:33 | PYPL | sell | $115.487 | long |
2022-03-18 15:54:36 | PYPL | sell | $117.290 | long |
2022-03-22 11:02:24 | PYPL | sell | $118.460 | long |
2022-03-22 12:03:18 | PYPL | sell | $118.070 | long |
2022-03-23 09:48:29 | PYPL | sell | $114.340 | long |
2022-03-28 12:19:21 | PYPL | sell | $112.397 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!