CODX Trade on Jan 27, 2020 10:21 from beno: Tradervue User Stock Trades.

Fundamentals

As of: Sept 30 2019
Shares Outstanding (latest from broker): 17.3m
Cash: 2.544m
Current liabilities: 307k
Current ratio: 10
NWC (total current assets - total current liabilities): 2.777m
Accumulated deficit: 23.154m
Book value per share (Stock holder equity / Shares outstanding): 0.192
Monthly Burn rate (net cash used in operating activities / months): 433k
Estimated current cash: 810k
Baby Shelf Exemption price per share: 4.33

Catalysts / News / Painting the picture

Enough cash for 2 months
$25m S-3 Aug 2018, $19.5m left
Prospectus 2019-02-04 for $5.5m @ $1.4
Warrants: 1m @ 2.73
They're gonna drop an offering in the next two weeks, or very soon!
BS Fluff PR on Coronavirus: Co-Diagnostics, Inc. Designs Test for New Coronavirus Using CoPrimer Platform

Technical Analysis

-2.19 to 3 in PM
-2.90 to 3 resistance all morning
-Ran up from 2.60 to 3.50 during 3:20pm power hour
-Levels: 2.40, 2.70, 3, 3.50

Original Plan / Strategy

First Test Long of 2.65 - 2.70 zone with VWAP confluence

Review

Had orders from 2.68 to 2.60, only first lot got filled, was having trouble bouncing so I cut it early. The real move happened on the second test: