T posed for potential bounce to back fill the gap

2018年5月3日

Since it's last earnings, T has been taken to the wood shack and was beaten the crap out. But today's price action suggests that it may have seen a near term bottom should SPY behave "normally" in the coming days. I'm expecting it to go up to around 34 to test the bottom or top level of the gap, before deciding its further direction.

Position: initiated at 32.07, added at 31.83 and 31.73.

2018年5月9日

註釋

Currently, T is battling for the support area at 31.62. If it bounces off that support, I would add to my long position. Should it break much lower than that, especially impulsively, I would be looking to swing short or exit part of my long positions until the next support level 30.30 and 29.31.

2018年5月9日

註釋

However at the moment I'm leaning towards the bullish scenario.

2018年5月9日

註釋

T broke 31.62 support and found the next support at 31.23.

2018年5月26日

手動結束交易

T has been very weak lately. Could potentially see a pullback to around 31.23 level.

2018年6月7日

註釋

T happened to pop up to 34 level as expected originally, however the process is not the same. I was expecting a clean and quick bounce after new buyers accumulated at the bottom. However T grinded upwards and popped on low volume. Potential dumb money rally. If you entered the trade, now is a good time to close it.