BCRX Trade on Mar 4, 2020 15:00 from beno: Tradervue User Stock Trades.

Shared by
beno

Fundamentals

N/a

Catalysts / News / Painting the picture

-Not much news to justifies recent moves
-New employees granted options with $3 exercise (ppl exercising it)

Technical Analysis

-Consolidation all morning making an ascending triangle
-Ripped up at noon
-Came all the way back down to 3.30 to test level and it bounced
-Levels: 3.30, 3.70

Original Plan / Strategy

First Test of 3.30 level with 15 minute chart level confluence

Review

This was a setup that I could have sized into easily but I didn't. The level was A+ intraday and on the 15 minute chart! I noticed clear buying stepping in in the mid 3.20's.

Lessons Learned: I still need to get big in A+ setups after I see tape confirmation!

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-03-04 15:00:00	BCRX	buy	$3.288	long
2020-03-04 15:04:50	BCRX	sell	$3.321	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=BCRX&trade=13191253&end=20200304153250&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=BCRX&trade=13191253&end=20200304160000&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=BCRX&trade=13191253&end=20200304160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=BCRX&trade=13191253&end=20200403&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}