MRNA Trade on Mar 16, 2020 12:20 from beno: Tradervue User Stock Trades.

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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 24 by 23.8 level with whole dollar confluence

Review

Noticed continued selling after I got in so I scratched my starter lot. Disappointed that I noticed a hold of the 23.75 / 23.76 price but I didn't jump back in and missed a really nice trade.

Lessons learned: If you scratch a trade and notice that price is holding near your level, jump back in!


Execution detail:

Date/time Symbol Side Price Position
2020-03-16 12:20:57 MRNA buy $23.840 long
2020-03-16 12:21:10 MRNA sell $23.780 0


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