TEVA Trade on Mar 13, 2020 12:53 from beno: Tradervue User Stock Trades.

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beno

 

Fundamentals

N/a

Catalysts / News / Painting the picture

-Positive Recommendation by NICE for first anti-CGRP migraine therapy: AJOVY® (fremanezumab)

Technical Analysis

-Broke below 7.80 death line on 15 minute chart
-Levels: 7.30, 7.80, 8

Original Plan / Strategy

FT-15 short of 7.80 level from yesterdays low / close

Review

Lots of confluence for this trade but I think it didn't work because its float is huge and it was consolidating before it tested the 7.80 level. Took my stop and moved on.

Lessons Learned:
1. Don't trade FT-15 if its consolidating right below the level (like the TEVA trade)


Execution detail:

Date/time Symbol Side Price Position
2020-03-13 12:53:11 TEVA sell $7.760 short
2020-03-13 12:56:28 TEVA sell $7.760 short
2020-03-13 13:05:29 TEVA sell $7.750 short
2020-03-13 13:25:38 TEVA buy $7.850 0


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