LI Swing

 



China name. Nice retest after huge run up of prev big bo level. Held well with vol increase. A bit early to the party, TL break is in play, but clearly MAs may cause a problem. Anch vwap from IPO is right under price which is excellent. Hit the 618 retrace to and found S.

Early morning got this trade on and added as it kept working for me and held above prev hi. Other names strong. Lost it though, broke down and held retest higher for more downside.

Later in day though reset back above prev hi and saw huge bids around it. Also saw a ton of call buying today so clearly bigger names wanting in around here. Got back in as it retested 29 and huge bids and held. Added as we ticked up. Pretty big here because risk is so tight. Will have to cut if we lose 29 though. 

Drifting under 29 now as market sold off SPY at new LOD. Internals not remotely reflecting weakness right now, clear buying still here. Will hold. 


It is trying to reclaim, struggling dropping more, cant find the weakness though, structure definitely pointing lower but massive 100k big at 28.80

Cannot get above, but bids here soaking everything and taking big offers showing up, cant get out yet, have to deal with big loss if it happens. Reasons to add even more are here. 

Took a v long time, did break through huge bid, spiked back up, coiled sideways, back up to retest vwap + 29 + prev hi. Will hold as long as we can stay higher up here. 

Making GIANT all day triangle. Failed a breakdown from it, back to big level and upper TL. If add is here, I should take it given all ive seen. 

Cant get there, now refresh sellers, buyers still here, its a war. Add is 100% here if we get through. 

Lost it, started puking, had to bail. Will be looking for re entry. 

Well talk about getting out at the bottom. Did reclaim, broke TL higher into vwap and 29 and range high. Selling is still here. 10 minutes left to the bell, I am going to get back in with smaller size. Overall Industry performed really well today, and would not be a surprise to see some of these names gapping up tomorrow, LI included so I want in. Ultimately above yesterdays range hi, and coiling around pre hod. Wont regret another L here. 

And market ripped to close out. LI followed getting above range, Added size back on.

Closed above all, just above. 

Overall this trade needs to start running tomorrow, if we get under 29 again + intraday zone frm past 2 days, I will be all out and look to reset once more. Big TL break will happen tomorrow unless we gap lower. Time and a few more pennys and we wouldve seen the break today, but it seems not yet. Maybe able to add even more on HOD break.

2nd day

Great start, then like some others just gave it all back. Watching tape there was huge refresh seller that wouldnt go away. All in all I have to stay in, theres nothing out here screaming at me to get out, still above intended levels and still profitable. Just barely though. Have to wait on some pullback. 

Action has just been odd all day. Huge offers constantly here all day, as are buyers. We cant get a grip and hold above anything though and other names doing the same thing, making me think we have a problem here. 

Broke lower with others, new pivot low. Bailing most, locking in some gains. 


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