Soundhound Round 2

2 thg 7

SoundHound Inc. is a voice AI and audio recognition company that specializes in technologies allowing humans to interact with devices through natural voice commands. Albiet not currently profitable, their business model does have some revolutionary potential for many service based industries as AI begins to take over our everyday life.

What im interested in here is the overall setup where we may be starting to see a rotation back to the highs after bouncing at some of my key levels based on the volume profile. These being the POC and VWAP from the low.

I think there is a decent chance we go to $16 perhaps, and then we can re-evaluate the market and if there is potential for us to hit new highs!

8 thg 7

Ghi chú

Nice start here

17 thg 7

Ghi chú

No surprise to see a bounce at the prev range value area

20 thg 7

Ghi chú

VWAP has moved up a bit, would be nice to push above and reclaim for the squeeze higher. Stoploss quite clear, break below $11 with a daily close.

25 thg 7

Ghi chú

Holding the key zone for now, would be nice to build juice with these drops to allow buyers to step in

29 thg 7

Ghi chú

Warning sign here, dropping below $11 with this aggressive market sell off. I am looking for a bounce at the range low, if we do not get it I will need to de-risk this trade for a slight loss

30 thg 7

Ghi chú

So far getting the reaction. I am not setting a hard stop at 10.50, travel back there and I am completely out for about a 6% loss.

30 thg 7

Đóng lệnh: dừng lỗ

Stopped on the drop!

31 thg 7

Ghi chú

Going to re-open a small position here, as this could have been a huge stop hunt, and we are now back in the range

31 thg 7

Ghi chú

Trade active compounding on the rebound and stop set at the range low below $11

11 thg 8

Ghi chú

Just so perfect. Nearly 50% since the lows