SDC Trade on Feb 10, 2020 09:50 from beno: Tradervue User Stock Trades.

Shared by
beno

Fundamentals

N/a

Catalysts / News / Painting the picture

-IPO last September
-Went public as the IPO market was bearish
-Jan 6th 2019: SDC partnering with Walmart on exclusive Oral Care product deal (analysts raised PT)
-Jan 14: SmileDirectClub jumps on plans to start selling aligners to dentists
-Reporting earnings at the end of the month

Technical Analysis

-Holding above 13-14 consolidation range for last 3 days
-Having a hard time holding above $15 resistance
-Levels: 14.30, 14.70, 14.90, 15.20

Original Plan / Strategy

First Test Long of 14.90 opening drive level

Review

3 lots got filled on the way down (failed to add another lot manually, still need to work on this). Took some risk off at 14.97 when I noticed bigger than average sellers at 15 and 15.01, also saw some red prints on the tape. Waited some more then took profits on the last two lots at appropriate levels.

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-02-10 09:50:11	SDC	buy	$14.940	long
2020-02-10 09:50:12	SDC	buy	$14.910	long
2020-02-10 09:50:16	SDC	buy	$14.890	long
2020-02-10 09:52:11	SDC	sell	$14.970	long
2020-02-10 09:52:47	SDC	sell	$15.060	long
2020-02-10 09:52:54	SDC	sell	$15.070	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=SDC&trade=12880480&end=20200210102154&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=SDC&trade=12880480&end=20200210112254&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=SDC&trade=12880480&end=20200210160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=SDC&trade=12880480&end=20200311&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}