Shared by
beno
Technical Analysis – Long Term
- Falling since $70 highs
- $2 seems to be major support holding it up
Technical Analysis – Intraday
- Gapped down below $2 yesterday but was bought and held up all day
- Gapped up again and $2.7 level held up nicely today but trading below VWAP all day
Catalysts / News
- Form 6-K filed on October 7th indicating a 5:1 reverse split on the companies ADR's
Original Plan / Strategy
- Try a Washout long scalp if price drops to 3.5 PM level
Review
Tried the trade with 4x my regular size but got stopped out. Tried to long it when below PM highs and below VWAP, should avoid doing this in the future.
Tried a range play later in the day as 3.25 was being held up, got filled and it immediately tanked, stopped out where I planned to.
Grade: C
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-10-24 09:41:32 | APOP | buy | $3.570 | long |
| 2019-10-24 09:42:26 | APOP | buy | $3.520 | long |
| 2019-10-24 09:44:23 | APOP | sell | $3.355 | long |
| 2019-10-24 09:45:12 | APOP | sell | $3.330 | 0 |
| 2019-10-24 10:55:46 | APOP | buy | $3.260 | long |
| 2019-10-24 10:56:18 | APOP | sell | $3.090 | 0 |
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