Shared by
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
-April 29 2020: Reports early positive data in remdesivir studies as COVID-19 drug, China trial said opposite
Technical Analysis
-Intraday pattern: Consolidation
-Levels: 80, 82.5, 84.5
-Very grindy and lots of accumulation today
Original Plan / Strategy
First test long of 83.4 level of prior swing high
Review
Level only called for 1 lot because there was no confluence, slowly scaled out 20 shares at a time
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-04-29 12:13:07 | GILD | buy | $83.530 | long |
| 2020-04-29 12:14:45 | GILD | sell | $83.710 | long |
| 2020-04-29 12:15:04 | GILD | sell | $83.780 | long |
| 2020-04-29 12:15:11 | GILD | sell | $83.890 | long |
| 2020-04-29 12:15:24 | GILD | sell | $83.810 | long |
| 2020-04-29 12:15:57 | GILD | sell | $83.660 | 0 |
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