{"id":90,"date":"2020-01-17T19:32:00","date_gmt":"2020-01-17T19:32:00","guid":{"rendered":"http:\/\/thetechnicaltraders.net\/?p=90"},"modified":"2020-01-19T00:01:12","modified_gmt":"2020-01-19T00:01:12","slug":"trade-recaps","status":"publish","type":"post","link":"https:\/\/thetechnicaltraders.net\/index.php\/2020\/01\/17\/trade-recaps\/","title":{"rendered":"1\/17\/20 Momentum Trade on LK"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"90\" class=\"elementor elementor-90\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-10968227 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"10968227\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-dec4efd\" data-id=\"dec4efd\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6de0349c elementor-widget elementor-widget-text-editor\" data-id=\"6de0349c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><\/p>\n<p class=\"wp-block-paragraph\">LK has been on a tear recently, up about 35% in the last month. The move upward has been supported by heavy volume.\u00a0<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"size-medium wp-image-95 aligncenter\" src=\"https:\/\/i0.wp.com\/thetechnicaltraders.net\/wp-content\/uploads\/2020\/01\/LK.png?resize=300%2C158&#038;ssl=1\" alt=\"\" width=\"300\" height=\"158\" srcset=\"https:\/\/i0.wp.com\/thetechnicaltraders.net\/wp-content\/uploads\/2020\/01\/LK.png?w=1050&amp;ssl=1 1050w, https:\/\/i0.wp.com\/thetechnicaltraders.net\/wp-content\/uploads\/2020\/01\/LK.png?resize=300%2C158&amp;ssl=1 300w, https:\/\/i0.wp.com\/thetechnicaltraders.net\/wp-content\/uploads\/2020\/01\/LK.png?resize=1024%2C539&amp;ssl=1 1024w, https:\/\/i0.wp.com\/thetechnicaltraders.net\/wp-content\/uploads\/2020\/01\/LK.png?resize=768%2C404&amp;ssl=1 768w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/p>\n<p>It caught my attention on Friday, 1\/17\/20 as it gapped up in the premarket and was approaching the psychological whole number $50.00. Because LK was above its all-time-high (ATH), there were no support\/resistance levels besides whole numbers. Many short term traders place their profit targets at these whole numbers.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" data-recalc-dims=\"1\" class=\"size-medium wp-image-99 aligncenter\" src=\"https:\/\/i0.wp.com\/thetechnicaltraders.net\/wp-content\/uploads\/2020\/01\/LK2.png?resize=300%2C234&#038;ssl=1\" alt=\"\" width=\"300\" height=\"234\" srcset=\"https:\/\/i0.wp.com\/thetechnicaltraders.net\/wp-content\/uploads\/2020\/01\/LK2.png?w=1122&amp;ssl=1 1122w, https:\/\/i0.wp.com\/thetechnicaltraders.net\/wp-content\/uploads\/2020\/01\/LK2.png?resize=300%2C234&amp;ssl=1 300w, https:\/\/i0.wp.com\/thetechnicaltraders.net\/wp-content\/uploads\/2020\/01\/LK2.png?resize=1024%2C799&amp;ssl=1 1024w, https:\/\/i0.wp.com\/thetechnicaltraders.net\/wp-content\/uploads\/2020\/01\/LK2.png?resize=768%2C600&amp;ssl=1 768w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/p>\n<p>\u00a0<\/p>\n<p>I saw a lot of buyers step into LK in the first minute of trading. The stock pulled back a little bit and I entered a small initial position with my stop a few cents below vwap (red line). I took this trade because it had strong upward momentum, paused on lesser volume, then continued. As it went up, I saw big offers at $50.00 which is a very bullish signal. I added size on another pullback, then again as strength continued. LK showed some resistance at $50.00 so I took a bit of profit, then scaled out as it breezed through the $50.00 level.\u00a0<\/p>\n<p>\u00a0<\/p>\n<p><\/p>\n<p class=\"wp-block-paragraph\"><\/p>\n<p class=\"wp-block-paragraph\"><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>LK has been on a tear recently, up about 35% in the last month. The move upward has been supported&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5],"tags":[],"class_list":["post-90","post","type-post","status-publish","format-standard","hentry","category-daily-playbook-trades"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/thetechnicaltraders.net\/index.php\/wp-json\/wp\/v2\/posts\/90","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thetechnicaltraders.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thetechnicaltraders.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thetechnicaltraders.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thetechnicaltraders.net\/index.php\/wp-json\/wp\/v2\/comments?post=90"}],"version-history":[{"count":8,"href":"https:\/\/thetechnicaltraders.net\/index.php\/wp-json\/wp\/v2\/posts\/90\/revisions"}],"predecessor-version":[{"id":114,"href":"https:\/\/thetechnicaltraders.net\/index.php\/wp-json\/wp\/v2\/posts\/90\/revisions\/114"}],"wp:attachment":[{"href":"https:\/\/thetechnicaltraders.net\/index.php\/wp-json\/wp\/v2\/media?parent=90"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thetechnicaltraders.net\/index.php\/wp-json\/wp\/v2\/categories?post=90"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thetechnicaltraders.net\/index.php\/wp-json\/wp\/v2\/tags?post=90"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}