OPGN Trade on Sep 4, 2019 09:33 from tradeking313: Tradervue User Stock Trades.

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tradeking313

 

TOPS and OPGN were my only Picks premarket. Both had 5 criterias that I look for to enter a play. Good Range, Volume, News, Low Float, and was a previous runner. The news were pretty good. It has agreed to merge into a commercial-stage molecular diagnostics and bioinformatics company with a focus on infectious diseases and antimicrobial resistance. OpGen will acquire 100% of the shares of Curetis GmbH from Curetis N.V. which will receive 2,662,564 new shares of OpGen's common stock at closing, reflecting a valuation of the combined company of approximately $24 million. When the bell open, I saw that it was a fighting war between sellers and buyers. Way too violiate to play right away. I waited also for the spread to get a little tighter. From then I entered at 11.22. I wanted to wait for the 2nd consecutive candle of buyers. From then I held and follow the level 2 and indicators. I saw the candle was getting weak at the top of the upper bollinger band and saw selling pressure and immediately got out at 11.45 ...all my shares for a 23 cents gain. I did not want to take any chances..this stock was HOT! LOL. I did not want to fumble the ball. Then I wanted to wait until I saw a squeeze opportunity. Re-entered at 11.25. It went all the way up to 12.36 high of day and began to pull back once again at the upper band. I lefted my sell stop at the premarket high of 12.00 and sold 50% of my shares and the rest at 11.80. Overall Good trade

Grade: A-


Execution detail:

Date/time Symbol Side Price Position
2019-09-04 09:33:17 OPGN buy $11.220 long
2019-09-04 09:36:08 OPGN sell $11.450 0
2019-09-04 09:42:06 OPGN buy $11.250 long
2019-09-04 09:44:24 OPGN sell $12.000 long
2019-09-04 09:46:02 OPGN sell $11.800 0


Comments

Gravatar WaveAtElliot
2019-09-04 12:32:04
 

Nice TK, very nice.

2019-09-04 12:55:27
 

thanks wave

2019-09-04 17:12:19
 

Good trade sir!

2019-09-04 20:35:51
 

Solid trade and great explanation.

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