Looks interesting here, having broken the $78-80 major support area, and now actively trading at lower prices.
A thesis can be made "very expensive hotels/vacations + weak consumer already hit by oil, food, inlfation in general".
-- Got short filler size as it popped to $78 resistance, added full Tier 0 following day in-front of $80s, risking 1xATR=$3 above the resistance level $83s
-- Want to see seller establish himself, reject price at this area and control price. Will add at any pop towards $80 if seller evident.
-- 1st target recent low $74s, main target AVWAP from Covid low=$65s
06-03/08-2022
Seller holding it down, rejecting $80-82 area per plan.
-- Added Tier 0, risking same stop $83s as before for the entire position
-- 1st target recent low $74s, main target AVWAP from Covid low=$65s
06-10-2022
Looks great - working great. Already in-front of 1st target, covered some.
Whole sector looks vulnerable with other names showing weakness & broken charts. Let's pay attention and try to short more names here...
06-16-2022
Covered some as it is approaching main target AVWAP from Covid low=$65s fast & furious.
55% remaining size here.
06-22/23-2022
Down to 15% size below/in-front of main target $65s.
Magnificent trade and execution:))
Let's trail rest and see if we can get a bounce to re-load.
Reminder: Whole sector looks vulnerable with other names showing weakness & broken charts. Let's pay attention and try to short more names here...
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-05-26 13:27:51 | WH | sell | $78.759 | short |
2022-05-27 09:45:28 | WH | sell | $79.860 | short |
2022-06-03 09:48:04 | WH | sell | $79.920 | short |
2022-06-08 14:17:29 | WH | sell | $79.410 | short |
2022-06-10 10:37:36 | WH | buy | $74.350 | short |
2022-06-13 07:00:12 | WH | buy | $73.210 | short |
2022-06-13 09:33:12 | WH | buy | $71.762 | short |
2022-06-16 09:53:25 | WH | buy | $69.060 | short |
2022-06-16 10:44:57 | WH | buy | $68.160 | short |
2022-06-16 14:04:04 | WH | buy | $67.210 | short |
2022-06-22 10:04:11 | WH | buy | $65.170 | short |
2022-06-22 13:48:19 | WH | buy | $65.335 | short |
2022-06-23 09:41:41 | WH | buy | $64.110 | short |
2022-06-23 09:52:09 | WH | buy | $63.720 | short |
2022-06-23 10:13:26 | WH | buy | $63.110 | short |
2022-09-01 11:29:21 | WH | buy | $63.120 | short |
2022-10-10 10:32:10 | WH | buy | $63.811 | 0 |
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