MRNA Trade on Mar 16, 2020 11:18 from beno: Tradervue User Stock Trades.

Shared by
beno

Fundamentals

N/a

Catalysts / News / Painting the picture

-Corona virus sympathy
-Health officials say virus vaccine development has 'no glitches'
-Feb 11 2020: $500m IPO @ $19 per share
-mRNA-1273 coronavirus vaccine sent for testing
-March 16 2020: First human trial of COVID-19 vaccine

Technical Analysis

-Intraday pattern: Runner
-Triple top at 27 which is important resistance on daily chart
-Levels: 22.50, 24, 25, 27.50

Original Plan / Strategy

First Test long of 25 with whole dollar confluence

Review

I was not expecting it to bounce from 25.50 which is why I only had a starter in this trade. Was going to size in closer to 25. Since I only had my starter lot I scaled out slowly 10 shares at a time, grabbing a better price each time.

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-03-16 11:18:27	MRNA	buy	$25.500	long
2020-03-16 11:26:51	MRNA	sell	$25.990	long
2020-03-16 11:26:58	MRNA	sell	$26.080	long
2020-03-16 11:27:21	MRNA	sell	$26.160	long
2020-03-16 11:27:58	MRNA	sell	$26.123	long
2020-03-16 11:28:02	MRNA	sell	$26.220	0

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#chart2 { background-image:url('/shared/charts/pricechart?symbol=MRNA&trade=13360623&end=20200316125502&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=MRNA&trade=13360623&end=20200316160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=MRNA&trade=13360623&end=20200415&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}