Classic short squeeze, Watching this hold the 2.40 area since the morning. slowly started to consolidate pushing forward towards 2.60
put a starter position on but did not find a place to be comfortable and add any size so I held through the HOD break then once it started to break down I took the position off. Not totally comfortable yet with these but the catalyst with coronavirus should have been enough to commit to bigger size.
One of the biggest determination's that told me this was still in play later in the day was the way that it broke down very lightly came down making the 2.60 level a few support level.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-01-27 10:10:50 | CODX | buy | $2.600 | long |
2020-01-27 10:14:39 | CODX | sell | $2.900 | 0 |
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