TME Trade on Jun 28, 2022 11:06 from azamudio: Tradervue User Stock Trades.

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azamudio

 

checks in favor:
-couldn't find any news causing this to move up
-0.31 ATR and up over 0.50. Overextended
-buying volume lighter than the last two legs up
-red volume was starting to be higher volume than before and we made a lower high on lighter volume and broke below the last pivot low
-near daily resistance at 5.50 and bigger picture downtrend
-Markets were in a strong downtrend and close to lunch time when volume starts to fade.
-On the tape I saw a spoof offer on the bid. Then anytime it started getting hit, it would lift. This told me someone with some size was wanting to sell.

Risk was 0.5 cents above the last pivot high. Best exit was +0.16 cents (near vwap and prior pivot high). +2.2R since I took half at 1.5R


Execution detail:

Date/time Symbol Side Price Position
2022-06-28 11:06:30 TME sell $5.321 short
2022-06-28 11:23:26 TME buy $5.248 short
2022-06-28 11:32:26 TME buy $5.200 short
2022-06-28 11:42:13 TME buy $5.160 0


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