Shared by:
spyrosz
Yesterday's failed trade, today's money maker.
Alert hit when it pushed through R1=$265. Flipped over to the name very quickly, and I immediately placed a bid for filler size in-front of R1.
Got long filler size at the pullback to R1=$265 after the break-out, risking bottom of latest pullback to VWAP $263.4s, expecting clean hold above R1, and consolidation in order for the 9EMA@5/15min to catch up with current price. FB was looking a bit extended.
Failed to hold R1, but VWAP+9EMA@15min chart were there to provide support and put a higher low. Great Indy-long pattern below R1,
added Tier 0, risking same stop as before, when it put the higher low and printed $265s again.
HUGE VOLUME spike when it pushed through R1=$265 for a 2nd time, and immediately rallied to $267.5s. The pullback to R1+VWAP was a market gift, so added another half Tier, moving stop below latest higher low.
Consolidated above R1 all-day long, until 9EMA@30min chart caught price and pushed it higher.
Sold at R2=$269 which was 1st profit target.
Still holding bulk, target R3=$273, R4=$278.
Sold some in-front of $274, had an offer at $277.9s that didn't get filled.
Still holding small.
Update 08/25/2020
Sold some in-front of previous ATHs=$279.
Went to the moon, luckily with me on-board.
Sold some in-front of $300 whole number. Tiny size left...
Update 09/03/2020
All good things to an end.
Execution detail:
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