COUP Swing

 

Getting tight, ugly cup and handle, big W with a flag at the end. Another tech name gone sideways for months looking for a bust out after coiling for weeks.

Had good earnings. Good vol increase as we move up. Short float at 10%. MAs coiled tight and curling up. Was certainly a leader at the start of the pandemic. Didnt see much downside at all. 

Entry as we go through levels

Stop is if breakout fails and holds under

Expectations for this to go asap to new ATH and then some.

Options will have to judge in real time. Not clear, spready. 

Got into this 380 calls at .15, very strong push at open. 

Well I messed up. Accidentally bought dec 18, tomorrow exp. Cant get out. Probably just threw away $60

Not impossible we see a blow off top on this this if we can continue strength. It is holding higher at big level. Might actually be some value in these at some point. 

Ended up getting filled on correct order Jan 15 410 calls at 2.95 looking for these to get to $5

Made big triangle, I added as we broke higher from it right above HTF bo level with big vol spike. 

Stock is unreal. This thing is blowing the F up. Broke out of that triangle and blasted off to new ATH 10 pts out. Then some freak news spike candle came and spike it from 357 to 367. This thing might actually get to 380. Shouldve added a 2nd time when I had the chance to at 345.50

I swear in my 4 year trading career, everytime I have made the mistake of accidentally putting a position on/wrong size/wrong level. It had always killed me. This is the only time it has ever been a positive accident.

Im going to take 1 off when I see it. Will cover all risk. 

Blew it, I took too long to take it off, algos disappeared on bid, lost profit. 

Ok it bounced up a bit took it as it rolled over. Still holding majority. Only took 1 of my calls exp tomo off for $80 gain

Going to take another by the close. This market gave me a gift and a half, no reason to get greedy. Technical are there as is price action and short float, but man it feels dumb to sit and hold this thing, at least this call that exp tomorrow. I mean if we hit 380, ill hold the rest, but need to lock it in. 

Got to HOD again, couldnt bust, pulled in, pulled back up, failed to get to HOD test again on low vol, took off 1 more. 

This is a a definite hold. ATH breakout, potential market leader, shortfloat, market closed strong, overall bullish theme. Will take off 1218s if i can get a bid tomorrow. Not impossible with that volatility we just saw. 

Holding 1/15 for trend creation move. Will take 1 off if 380 hit as it is a MM. Out if clear weakness that prev ath will not hold. 

2nd day

Strong day all day, even with market selling off hard. Accident entry exp worthless, but overall turn $60 into $200, no probs there

Other 2 im holding still, closed very strong right under prev hi. Looks like more cooking. 378 still main PT to take 1. 

3rd day

Seeing first pull in, weak all day but held above prev ath very well. If something is here, maybe a chance to add. 

4th day

Made great range top right at bo level from yest, wanted to add but options getting wild. Cant get a good fill, wont chase. 

Building sideways still above prev ath. Looking to add here if I can.

5th day

Triangle being made, looks like big bull flag. Clear add area above 362, will try to get good fill. 

Bad close. Closed under prev ath. If doesnt find strength tomorrow need to be out. Calls will take a loss on. Really sucks. 

6th day

Overall making big triangle, strong pop at open turned into bull flag under major TL, turning up trying to add. And did get it. 

Well failed that attempt higher, back under vwap. Market overall looking v strong. Internals could be better, but not weak. 

Dipped under again, but held and turned back up, added again. 

Getting very tight above HTF zone, will add again if we pop.

Dropped hard with market. Trying to get out. 

All out, big L. Really sucks as I had those calls from days ago go from 8$ back to under breakeven for a loss.