Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-May 06 2020: Earnings - Q1 Loss / beats revenue estimates
Technical Analysis
-SPY pattern: Fade
-Intraday pattern: Runner, Double Top
-Levels: 13, 15.5, 19, 21.5, 24, 26.5
Strategy / Confluence / Sizing Guide / Risk
Strategy: First test short of 21.5 neck line level
Confluence: Half $
Sizing (lots): 3
Risk (stop / Rs): Hold above 21.5
Review / Lessons Learned
Scaled into trade and took it with appropriate size, but stock was still very strong up here! Gave it ample time to work and kept getting bid up so I scratch. BEST SCRATCH OF THE DAY!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-05-06 14:47:11 | MGNX | sell | $21.230 | short |
| 2020-05-06 14:47:40 | MGNX | sell | $21.480 | short |
| 2020-05-06 14:49:34 | MGNX | sell | $21.460 | short |
| 2020-05-06 14:51:24 | MGNX | buy | $21.300 | short |
| 2020-05-06 14:52:34 | MGNX | buy | $21.440 | short |
| 2020-05-06 14:52:34 | MGNX | buy | $21.440 | 0 |
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