Shared by
beno
Technical Analysis – Long Term
-POS down trending stock
-Lots of interest / volume from this PR
Technical Analysis – Intraday
-Gapped to $1.48 PM then quickly rejected to $0.93
-Nice uptrend from 8 to 10:40 then change of trend
Catalysts / News
-Navidea Biopharmaceuticals Announces Positive Results of First Interim Analysis of Ongoing Phase 2B Study in Rheumatoid Arthritis
Original Plan / Strategy
Stock was showing signs of continued strength and I wanted to get in on the next washout.
Review
Took a B washout long trade as it was holding above VWAP and the uptrend from the morning looked nice.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-10-29 10:17:36 | NAVB | buy | $1.270 | long |
| 2019-10-29 10:20:21 | NAVB | sell | $1.320 | 0 |
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