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foldelinio_BOWS
265.64M float/~3% short float/55% institutional
Earnings beat + gap above round number resistance. Pricey stock but due to high float, the spread isn't that bad. Daily doesn't look super hot, but 300$ was an important level the stock tested 5 times. Gap above today on a little prmkt volume. First resistance is 308$
Stop: 301$ 1st trade/302$ second entry
R: -1
Gap got sold, but the stock held above 300$ and started to coil. I jumped in for a trade to hold into HOD, so my first exit was a little late and I bailed at support. Realising my "mistake" I wanted to get back in with double size after a little volume came in and got stopped out.
Stock died right after.
Nice
Execution detail:
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