ASRT Trade on Dec 12, 2019 15:06 from beno: Tradervue User Stock Trades.

Shared by
beno

Fundamentals

N/a

Catalysts / News / Painting the picture

-Assertio Therapeutics Announces Sale of Gralise® for Total Transaction Value of $127.5 Million
-Market cap is 65m, profits are 2x market cap

Technical Analysis

-POS downtrending daily chart
-Bottomed at 70cents
-Rip up on PR in PM
-Consolidated at open then ripped up 20cents
-Consolidated all day then ripped up another 10 cents at 2:50pm

Original Plan / Strategy

First Test Long of 1.20 zone, stop was 1.17

Review

Really liked how it set up, the level was tight and accumulated for a long time. 2/3 of my size got filled on the test and I have my fantasy sells in but the bounce wasn't as high as anticipated, scratched the trade for small profit.

Execution detail:

Date/time	Symbol	Side	Price	Position
2019-12-12 15:06:55	ASRT	buy	$1.220	long
2019-12-12 15:08:01	ASRT	buy	$1.210	long
2019-12-12 15:08:01	ASRT	buy	$1.200	long
2019-12-12 15:18:56	ASRT	sell	$1.223	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=ASRT&trade=12273793&end=20191212154456&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=ASRT&trade=12273793&end=20191212160000&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=ASRT&trade=12273793&end=20191212160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=ASRT&trade=12273793&end=20200111&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}