2nd try to trade the $500-600 range in this one, after 1st failed attempt back in 02/10 ended in me stopping out >$615s, literally at the peak of that bounce, before the fast trip down to $500s.
Name remains expensive in terms of multiples. Strong resistance at $600-608=sellers defending the pivot aggressively=top of recent trading range=200SMA@daily, trying to form a larger "topping"?? pattern.
-- _Got short Tier 0, risking stop $621, almost 1xATR=$24.5 above the resistance level_
-- expecting seller to appear and reject price, for the roll-over lower
-- 1st target bottom of range $500, then eventually $450s
04-26-2022
That worked beautifully exactly per plan. Took profits on the way to target and right in-front of target.
04-28-200
ER AH gap-up right into previous support pivot=now resistance=$505 a market gift to trade around core and reload short one Tier, risking tight stop $525s for the add
05-09-2022
Covered close to $420s.
05-25-2022
Flat here. Magnificent trade, great executions.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-03-29 13:13:06 | NOW | sell | $588.446 | short |
2022-04-01 09:59:44 | NOW | buy | $549.780 | short |
2022-04-06 09:47:42 | NOW | buy | $532.520 | short |
2022-04-11 08:09:52 | NOW | buy | $508.520 | short |
2022-04-18 12:24:07 | NOW | buy | $494.140 | short |
2022-04-26 16:10:33 | NOW | buy | $451.110 | short |
2022-04-28 09:32:27 | NOW | sell | $505.526 | short |
2022-04-28 10:45:18 | NOW | buy | $487.235 | short |
2022-04-28 13:17:08 | NOW | sell | $501.835 | short |
2022-04-29 10:08:15 | NOW | sell | $500.246 | short |
2022-04-29 12:32:29 | NOW | buy | $490.325 | short |
2022-05-02 08:46:49 | NOW | buy | $475.110 | short |
2022-05-02 09:42:23 | NOW | buy | $473.367 | short |
2022-05-02 15:15:08 | NOW | buy | $479.885 | short |
2022-05-05 09:41:40 | NOW | sell | $491.205 | short |
2022-05-09 15:01:29 | NOW | buy | $430.720 | short |
2022-05-25 15:04:41 | NOW | buy | $455.475 | 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!