MRNA Trade on Feb 27, 2020 11:05 from beno: Tradervue User Stock Trades.

Gravatar

Shared by
beno

 

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 15 minute of 29 level (yesterdays high of consolidation range) with prior close and whole dollar confluence

Review

Did the right thing by taking the trade as it was my setup, I'd take it again. Noticed weakness right away after getting in and the 29 level broke cleanly, I just hit the bids and wanted to re-evaluate at the bottom of the range near 27.50 - 28, the weakness continued so I didn't get back in, saved myself from further down side of $6!

image


Execution detail:

Date/time Symbol Side Price Position
2020-02-27 11:05:07 MRNA buy $29.620 long
2020-02-27 11:05:41 MRNA buy $29.230 long
2020-02-27 11:05:44 MRNA sell $28.510 0


Leave a comment about this trade!

You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes just a few seconds to sign up, and it's free!

View plans, Sign up for free, or Log in