GILD Trade on Apr 23, 2020 13:30 from beno: Tradervue User Stock Trades.

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beno

Fundamentals

N/a

Catalysts / News / Painting the picture

-Early April: ppl been using their drug remdesivir to treat COVID-19
-April 23 2020: Leaked Chinese data claiming remdesivir drug flop / company denies and says its due to lack of participation in the trial

Technical Analysis

-Intraday pattern: Rug Pull
-Levels: 74.5, 76.25, 78-79, 82

Original Plan / Strategy

First test short of 76.25 level

Review

Thought it was really good setup because everyone who longed the bounce was under water. Only took with two lots as there was no confluence levels, stock was very strong below previous low, when it first pulled back from 76.25 I took 1 lot off at 75.8 then I scratch the last one because it instantly got bought up above 76.

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-04-23 13:30:35	GILD	sell	$76.000	short
2020-04-23 13:31:06	GILD	sell	$76.130	short
2020-04-23 13:31:07	GILD	sell	$76.130	short
2020-04-23 13:32:36	GILD	buy	$75.800	short
2020-04-23 13:32:43	GILD	buy	$76.010	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=GILD&trade=14144981&end=20200423140143&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=GILD&trade=14144981&end=20200423150243&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=GILD&trade=14144981&end=20200423160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=GILD&trade=14144981&end=20200523&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}