AMRN Trade on Apr 1, 2020 13:08 from beno: Tradervue User Stock Trades.

Shared by
beno

Fundamentals

N/a

Catalysts / News / Painting the picture

-Lost patent suit for heart drug
-Gap down from 13 to 4

Technical Analysis

-Intraday pattern: Runner
-Levels: 4 - 4.10, 4.25, 4.38, 4.6, 4.8, 5.10

Original Plan / Strategy

First test short of 4.25 with VWAP confluence

Review

Scaled in to full and set my hard stop above the prior consolidation, trade simply didn't work out, stop saved me from a massive loss.

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-04-01 13:08:20	AMRN	sell	$4.240	short
2020-04-01 13:08:26	AMRN	sell	$4.250	short
2020-04-01 13:09:59	AMRN	sell	$4.250	short
2020-04-01 13:11:03	AMRN	sell	$4.260	short
2020-04-01 13:17:14	AMRN	buy	$4.339	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=AMRN&trade=13646743&end=20200401134414&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=AMRN&trade=13646743&end=20200401144414&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=AMRN&trade=13646743&end=20200401160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=AMRN&trade=13646743&end=20200501&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}