VITL Price Action and Trading Strategy Ahead of Economic Data
$Vital Farms, Inc.(VITL)$ Box range breakout attempt with elevated RVOL surfaced right at open.But i didn't want take risk to position into any new swing trade until thursday due to 3 consecutive days of 8:30 AM ET economic data releases in the next 3 days to avoid gap risk. The best position are always executed with profit cushion to pre-economic data event.VITL may met with selling into the final 40mins of the session but overall price action still display significance of strength.Image
1. $Quantum Computing Inc.(QUBT)$ - Major Gap Downs AcrossSignificant gap down in the $The Defiance Quantum ETF(QTUM)$ group today. A reminder to stick to partial sell rules during periods of strength in a swing trade—greed can be costly. Every stock extension eventually reverts to the mean.ImageImage2.The ATR% Multiples From 50-MA signal is further enhanced.1. Corrected the calculation to use a % base for detection - Used the high of the candle as a reference for the detection to remain on the chart even if it is resold2. Added an optional table 3. Modified the multiple to default by '10'. This is suitable if you are trading around high beta, high adr% name. If not you can adjust the multiples lower to 7
Near Stop-Out on $SOXL: Swing Trading Challenges Amplified by Market Volatility
almost stopping out on my $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ fully. the only risk worthy trade yesterday was $iShares Bitcoin Trust(IBIT)$ and SOXL for my case, and it couldn't even hold with $NVIDIA(NVDA)$ selling with such an abrupt price action and volume right now. $Invesco QQQ(QQQ)$ could end the day with its 2nd lower high print since 26th dec. the harsh reality is, swing trading hasn't been easy since 10-MA crosses below 20-MA before the new year. You can get hit severely if you were overly excited with FOMO-driven clustering of execution from just a 2-3 days of rally.Image