MRNA Trade on Apr 8, 2020 11:14 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: Mountain
-Levels: 32, 32.50, 33

Original Plan / Strategy

First test long of 32.50 level with half dollar confluence

Review

Didn't want to get to full size as time was 11am and stock was illiquid. Got two lots in the 32.50's and took profits on half and scratched the other as it was having a hard time bouncing.

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-04-08 11:14:53	MRNA	buy	$32.570	long
2020-04-08 11:14:56	MRNA	buy	$32.510	long
2020-04-08 11:17:41	MRNA	sell	$32.740	long
2020-04-08 11:18:41	MRNA	sell	$32.600	0

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#chart2 { background-image:url('/shared/charts/pricechart?symbol=MRNA&trade=13801953&end=20200408124541&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=MRNA&trade=13801953&end=20200408160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=MRNA&trade=13801953&end=20200508&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}