Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-Human trials for COVID-19 vaccine to start in April
-February 7, 2020: $100m offering
-March 9 2020: $50m ATM offering
-March 11 2020: WHO declares COVID-19 a pandemic
-March 13 2020: US declares COVID-19 national emergency
Technical Analysis
-Intraday pattern: Parabolic Fade
-Levels: 6.50, 7, 7.50, 8, 8.50
Original Plan / Strategy
First test short of 7 level with whole dollar confluence
Review
Scaled in only 3 lots because it was a B setup since it was already way over extended to the down side and other CV stocks are running. Only made 10 cents on the name as it was breaking its down trend and curling back up.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-03-13 11:58:02 | INO | sell | $6.970 | short |
| 2020-03-13 11:58:47 | INO | sell | $6.940 | short |
| 2020-03-13 11:59:58 | INO | sell | $6.980 | short |
| 2020-03-13 12:04:00 | INO | buy | $6.860 | short |
| 2020-03-13 12:05:31 | INO | buy | $6.840 | short |
| 2020-03-13 12:07:25 | INO | buy | $6.910 | short |
| 2020-03-13 12:07:34 | INO | buy | $6.920 | 0 |
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