MRNA Trade on Mar 20, 2020 15:34 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
-CV's were bouncing but MRNA not showing the same strength

Technical Analysis

-Intraday pattern: Consolidation
-Levels: 26.50, 27, 27.50, 28, 28.50, 29.30, 30

Original Plan / Strategy

First test short of 8.50 level with half dollar and VWAP confluence

Review

Should have gotten bigger in this setup, was ITM very quickly as someone had a large market order, probably due to the A+ consolidation zone I was playing from. Took my second lot of profit way to fast...should have waited longer for the 28 break.

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-03-20 15:34:42	MRNA	sell	$28.450	short
2020-03-20 15:34:53	MRNA	sell	$28.540	short
2020-03-20 15:35:29	MRNA	buy	$28.270	short
2020-03-20 15:35:43	MRNA	buy	$28.230	0

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#chart3 { background-image:url('/shared/charts/pricechart?symbol=MRNA&trade=13435384&end=20200320160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=MRNA&trade=13435384&end=20200419&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}