MRSN Trade on May 27, 2020 14:23 from beno: Tradervue User Stock Trades.

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beno

 

Fundamentals

-May 08 2020 S-3 for $250m / May 15 effect

Catalysts / News / Painting the picture

-May 27 2020: Reports Positive Interim Data from the Expansion Portion of the XMT-1536 Phase 1 Study

Technical Analysis

-SPY pattern: Bowl
-Intraday pattern: Runner
-Levels: 13.2, 15, 15.5 - 16, 16.5, 18.5, 19.5

Strategy / Confluence / Sizing Guide / Risk

Strategy: First test long of 16.5 by 16 level
Confluence: Half $
Strike Zone: 16.5 - 16
Sizing (lots): 2
Risk (stop / Rs): Hold below 16

Review / Lessons Learned

Only took a starter and was hoping for PA to dip lower before adding, seemed weak at the time.


Execution detail:

Date/time Symbol Side Price Position
2020-05-27 14:23:34 MRSN buy $16.540 long
2020-05-27 14:24:13 MRSN sell $16.900 0


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