MRNA Trade on Apr 16, 2020 13:34 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
-April 15 2020: PT increase to 41, Making new ATH's

Technical Analysis

-Intraday pattern: Runner, Big Pullback
-Levels: 37, 38.50 - 38.75, 39.50, 40, 40.5, 41.5

Original Plan / Strategy

First test short of 39.50 death line with half dollar and VWAP confluence

Review

Got short one lot but as a started, tried to add a second lot but my attention got diverted to CODX that was settings up at the same time so I took profits on my only lot here and focused on CODX (CODX was my Trade of the day)

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-04-16 13:34:32	MRNA	sell	$39.275	short
2020-04-16 13:34:32	MRNA	sell	$39.275	short
2020-04-16 13:35:17	MRNA	buy	$39.080	0

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#chart2 { background-image:url('/shared/charts/pricechart?symbol=MRNA&trade=13993355&end=20200416150517&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=MRNA&trade=13993355&end=20200416160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=MRNA&trade=13993355&end=20200516&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}