SPCE Trade on Apr 14, 2020 12:58 from beno: Tradervue User Stock Trades.

Shared by
beno

Fundamentals

New company focused on long term growth in space exploration, no revenues, pure speculation.

Catalysts / News / Painting the picture

-Up swing fueled by below Dec 10 2019 Morgan Stanley comments:
-Morgan Stanley Bullish On Virgin Galactic, Says Space Tourism Is Incubator For Hypersonic Travel
-SPCE has caught the eyes of many traders lately, also been in the news as the stock to beat TSLA's run
-Moving with market lately

Technical Analysis

-Intraday pattern: Runner
-Levels: 16, 17.25 - 17.50, 18.50, 19.50, 20

Original Plan / Strategy

First test long of 19.50 level with half dollar confluence

Review

Had only got in with 1 lot before the bounce and my profit taker didn't all get filled so I added another lot on the second test (process error) and took it off on the next bounce.

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-04-14 12:58:06	SPCE	buy	$19.680	long
2020-04-14 12:59:27	SPCE	sell	$19.800	long
2020-04-14 12:59:27	SPCE	sell	$19.800	long
2020-04-14 12:59:27	SPCE	sell	$19.800	long
2020-04-14 12:59:58	SPCE	buy	$19.480	long
2020-04-14 13:00:31	SPCE	sell	$19.620	long
2020-04-14 13:00:31	SPCE	sell	$19.620	long
2020-04-14 13:00:31	SPCE	sell	$19.610	0

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#chart2 { background-image:url('/shared/charts/pricechart?symbol=SPCE&trade=13923441&end=20200414143031&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=SPCE&trade=13923441&end=20200414160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=SPCE&trade=13923441&end=20200514&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}