EDSA Trade on Jun 15, 2020 10:35 from beno: Tradervue User Stock Trades.

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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 8 level
Confluence: Whole $
Strike Zone: 8 - 7.7
Sizing (lots): 2
Risk (stop / Rs): Hold below 8

Review / Lessons Learned

Didn't add to this stock as it was very risky, it was behaving the same way as it did the first time I traded it; still heavy even when shorts trapped, clearly manipulated. Took profits quickly as I didn't want to get stuck. Right call.

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-06-15 10:35:19	EDSA	buy	$7.960	long
2020-06-15 10:36:14	EDSA	sell	$8.200	long
2020-06-15 10:36:23	EDSA	sell	$8.030	long
2020-06-15 10:36:23	EDSA	sell	$8.030	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=EDSA&trade=16041576&end=20200615110623&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=EDSA&trade=16041576&end=20200615120623&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=EDSA&trade=16041576&end=20200615160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=EDSA&trade=16041576&end=20200715&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}