MRNA Trade on May 1, 2020 11:41 from beno: Tradervue User Stock Trades.

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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
-April 16 2020: Wins $483 Million US Government Award To Develop Coronavirus Vaccine
-May 01 2020: Moderna and Lonza Announce Worldwide Strategic Collaboration to Manufacture Modernas Vaccine (mRNA-1273)

Technical Analysis

-Intraday pattern: Parabolic Fade
-Levels: 46.5, 47.3, 48, 48,8 - 49, 50

Original Plan / Strategy

First test short of 48 level with whole dollar confluence / 3 lots

Review

Only got 2 lots on this one too and got flat way to early!!

Lessons learned: Respect sizing guide and hold for longer!


Execution detail:

Date/time Symbol Side Price Position
2020-05-01 11:41:24 MRNA sell $47.840 short
2020-05-01 11:41:24 MRNA sell $47.840 short
2020-05-01 11:41:24 MRNA sell $47.840 short
2020-05-01 11:41:26 MRNA sell $47.910 short
2020-05-01 11:44:09 MRNA buy $47.600 short
2020-05-01 11:44:17 MRNA buy $47.620 0


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