Long $VIPS Day 18 Analysis

Today was a good call from yesterday’s game plan. I was hoping it would be a bigger move up, but we did end the week with a nice hammer. The sign of strength I was looking for.

Weekly Scorecard
I think my target was too aggressive and I missed a long legged doji sign of the trend reversing. As a result I held the trade thinking I would get my target this week and instead, per the doji, the trend reversed and I got stuck in the pullback. However, the pullback was low weekly volume so I don't think it was very significant. Maybe just a low volume test of supply.

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Long $BSMX Day 14 Analysis

Today was a good call from yesterday’s game plan. Again, I said any move today would be slight, and -$0.2 is pretty slight. I have a feeling this might become a broken record.

Weekly Scorecard
It seems to be in phase E mark up now as it has retested the upper trading range line and moved up off it. We are in a bit of equilibrium now and need something to get it moving, but slow and up is fine with me.

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Covered $MEET to Close the Trade

Today was a good call from yesterday’s game plan. Actually, during trading hours it moved up, not significantly but, more than I thought. From there though, it just stayed in range the rest of the day. The significant move was in after hours after the ER.

Closing Scorecard
In after hours, after ER, it exceeded my target and I covered it to close the trade.

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Short $MEET Day 20 Analysis

Today was a bad call from yesterday’s game plan. I thought the bulls had some fight left and the right shoulder of the HS wasn’t quit done yet. Apparently I was wrong. Yesterday might have been the top of the shoulder and today it went down and broke the neckline. Bad call, but good day to be short.

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