TSLA was again another day to short it on opening above 12% today. awesome swing trade if anyone had it overnight. Playing it short on day trade for awesome returns.
NFLX was a good short pattern. Shorting it below the 1st 5 min bar. The trade almost got stopped but survived it and exits are shown on the chart. It opened strong and I did play the high on this and lost. Ideally should have shorted seeing the 1st bar.
This is a messy pattern to remember not to play. Though the gap was nice on the daily, above support, but see how the bars are on the 1 min and also on the 5 min. I would have played it if the 1st bar was a clean green bar and then get 2 bar pullback and play it above the 1st 5 min high. This is a waste.
FLO short was a better play, I played it long and did't work for me, apart from a short burst of profit. But generally I do not like the pattern and should not have played it.
CSCO long play was possible today, i don't play cisco since the movements are not there for such heavy weight players. But one could play it on 5 min chart as shown. The support held giving another possible 2nd entry. I did not play it since the gap open was too big for me.Already 10 % up and on csco, this is big due to its market cap.
CBI long play, not one of my favorite pattern. i called this play today in stocktwits and twitter and this is how I played it. Generally do not like when the 1st bar is red on a gap up chart.
I want to re-iterate that I still like CAT long for a swing trade. It did fall below 88.3 , 200 days moving average but is kind of holding here. If it rebounds one can look to buy above the 200 days moving average. This has a potential target of 100, 110
