CLVS Trade on Nov 13, 2019 15:05 from beno: Tradervue User Stock Trades.

Fundamentals

Shares Outstanding: 54,815,202
Cash: $345.1m
Current liabilities: $111.36m
Current ratio: 3.75
NWC (total current assets - total current liabilities): $307m
Monthly Burn rate (net loss / months): $33.43m
Estimated current cash: $295m
Accumulated deficit: $2144m
Book value per share (Stock holder equity / Shares outstanding): $-1.6

Technical Analysis

-Consolidation below day 2 high
-Broke level, 6.2 became over/under with 5.25 as next over/under level
-Huge run up then bounced from 6.2 level, closed strong
-Important levels are 5.25, 5.9, 6.2, 6.66 and 6.8

Catalysts / News

-Earnings: Q3 loss but beat on revenues

Original Plan / Strategy

Washout long to 6.45 level.

Review

This washout long scalp turned into a hold-n-pray trade as I kept adding lower, I kept hoping that the underlying support would hold and it was making me sweat. Added some more lots when I saw the trade start to work, took profits quickly when I noticed the momentum volume step in. The real scalp trade should of been 6.53-6.54 by 6.62-6.63 when it popped up immediately.