NAV Trade on Mar 17, 2020 15:08 from beno: Tradervue User Stock Trades.

Shared by
beno

Fundamentals

N/a

Catalysts / News / Painting the picture

-Volkswagen says it still wants to buy NAV but also needs to conserve cash
-Positive news for future buyout

Technical Analysis

-Intraday Pattern: Bowl
-Levels: 16.50, 18, 20

Original Plan / Strategy

First test long of 18 technical level with whole dollar and VWAP confluence

Review

Had to hit the ask to get in as I wasn't getting filled on the bid, asks quickly got away from me and I didn't want to chase another entry. Failed to get big in the trade but managed my exit very well and scaled out as it went up

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-03-17 15:08:07	NAV	buy	$18.300	long
2020-03-17 15:08:54	NAV	sell	$18.641	long
2020-03-17 15:09:33	NAV	sell	$18.900	long
2020-03-17 15:10:41	NAV	sell	$18.990	long
2020-03-17 15:10:51	NAV	sell	$19.270	long
2020-03-17 15:13:04	NAV	sell	$19.240	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=NAV&trade=13372043&end=20200317154104&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=NAV&trade=13372043&end=20200317160000&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=NAV&trade=13372043&end=20200317160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=NAV&trade=13372043&end=20200416&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}