Got decimated after failed acquisition from PYPL, got decimated^2 after ER #s, with gap-down and continuation lower.
Approaching significant level of interest=$32.5-37 area:
a) major break-out point from 2020, that led to a $50 rally to new ATH=$89.9, b) significant volume profile
Pushed below the previous day's low at the open, but quickly reclaimed it + above VWAP ("RDR buy"):
-- Got long filler size, risking tight stop below the low=$34.5, $33.9s, as price was right in the middle of my range $32.5-37, and I wanted to re-engage lower if need be.
-- expecting an over-sold bounce higher, 9SMA@daily at a minimum, before possible retest of the recent low.
-- Would like to add main tier, once it reclaims 9SMA@daily, consolidates above for 2-3 days with buyers stepping up
-- 1st target 9SMA@daily, main target 9SMA@weekly
Moved quickly thru 9SMA@daily & pushed towards the
Will re-engage closer to $32.5-33, or once I get more clarity. Still a bit expensive (P/E, P/S)
Execution detail:
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