MRNA Trade on Feb 27, 2020 10:07 from beno: Tradervue User Stock Trades.

Fundamentals

N/a

Catalysts / News / Painting the picture

-Health officials say virus vaccine development has 'no glitches'
-Corona virus sympathy
-Feb 11: $500m IPO @ $19 per share
-mRNA-1273 coronavirus vaccine sent for testing

Technical Analysis

-Gapped up
-Weak OD
-Made bearish descending triangle against 32.50 level
-Levels: 23, 25, 29, 32.50, 35, 37
-Huge break down from 32.50 to 23 in the late morning

Original Plan / Strategy

First test short of 34 level with whole dollar confluence

Review

This was a really good setup that I could have gotten bigger in, lot of bagged longs from the consolidation above 34. it couldn't even make it above 34. I wasn't waiting for 34 to break before adding more size and I failed to add more below 34, anything above 33.80 would have been a good add!

Lessons Learned: Get bigger in your A+ setups!