LAKE Trade on Feb 27, 2020 11:03 from beno: Tradervue User Stock Trades.

Shared by
beno

Fundamentals

N/a

Catalysts / News / Painting the picture

-Company that makes medical protective clothing
-Coronavirus sympathy

Technical Analysis

-Strong morning but faded until late afternoon
-Ran up $4 in the afternoon, making bowl pattern
-Levels: 17, 18, 20, 21, 23

Original Plan / Strategy

First Test short of 21 level with whole dollar confluence

Review

Was to slow to enter on the way up. Noticed that the asks kept decrementing and front running each other (sign of weakness) so I hit the bid with small size and put a cover order above 20, stock didn't go back up after that and my profit taker got hit.

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-02-27 11:03:28	LAKE	sell	$20.651	short
2020-02-27 11:05:03	LAKE	buy	$20.040	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=LAKE&trade=13101435&end=20200227113403&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=LAKE&trade=13101435&end=20200227123503&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=LAKE&trade=13101435&end=20200227160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=LAKE&trade=13101435&end=20200328&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}