LK Trade on Feb 5, 2020 11:24 from beno: Tradervue User Stock Trades.

Fundamentals

N/a

Catalysts / News / Painting the picture

-Muddy Waters Research reveals short position after reading report that LK is fraud
-Report can be found here - in depth 89 page report:

Technical Analysis

-OD failure at 39.50
-Huge down move to 37 followed by choppiness around 37 level
-Further failure to 34 where stock found daily support
-Uptrend back to 37 and a fade after that while staying above 35.60
-Levels: 34, 35.60, 37, 39.50

Original Plan / Strategy

First Test short of 37 level, confluence whole dollar number

Review

Lessons learned: Made the mistake of treating this scalp as if it would quickly test 37 then fall, but buyers have been strong since 10:30 and the grind up was bullish, meaning the fight at 37 would be tougher and the failure would most likely take longer, should have my orders closer to the 37 level!