Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-Jun 15 2020: Edesa Biotech Receives Regulatory Approval to Initiate COVID-19 Study
Technical Analysis
-SPY pattern: Runner
-Intraday pattern: Parabolic Fade
-Levels: 6, 7, 8, 10
Strategy / Confluence / Sizing Guide / Risk
Strategy: First test long of 7 level
Confluence: Whole $, VWAP
Strike Zone: 7.25 - 6.8
Sizing (lots): 2
Risk (stop / Rs): Hold below 6.5
Review / Lessons Learned
Stock was very tricky, clearly manipulated, took a scratch on this one because it was way too heavy despite having just squeezed out shorts.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-06-15 09:58:02 | EDSA | buy | $6.840 | long |
| 2020-06-15 09:58:34 | EDSA | sell | $6.950 | long |
| 2020-06-15 09:59:05 | EDSA | buy | $6.460 | long |
| 2020-06-15 09:59:05 | EDSA | buy | $6.460 | long |
| 2020-06-15 10:00:12 | EDSA | sell | $6.660 | long |
| 2020-06-15 10:02:31 | EDSA | sell | $6.430 | long |
| 2020-06-15 10:02:37 | EDSA | sell | $6.430 | 0 |
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