Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-Early April: ppl been using their drug remdesivir to treat COVID-19
-April 23 2020: Leaked Chinese data claiming remdesivir drug flop / company denies and says its due to lack of participation in the trial
-April 29 2020: Reports early positive data in remdesivir studies as COVID-19 drug, China trial said opposite
Technical Analysis
-SPY pattern: Bull Flag
-Intraday pattern: Fade
-Levels: 74, 75, 75.5, 76.3
Strategy / Confluence / Sizing Guide / Risk
Strategy: FT-15 long of 75.5 level
Confluence: Half $
Strike Zone: 75.5 - 75.3
Sizing (lots): 2 (1 + 1 emergency)
Risk (stop / Rs): Hold below 75.5
Review / Lessons Learned
Stock was having a hard time bouncing after the opening weakness so I scratched it.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-06-29 09:31:33 | GILD | buy | $75.610 | long |
| 2020-06-29 09:31:33 | GILD | buy | $75.595 | long |
| 2020-06-29 09:32:40 | GILD | sell | $75.780 | long |
| 2020-06-29 09:33:15 | GILD | sell | $75.660 | long |
| 2020-06-29 09:33:15 | GILD | sell | $75.670 | 0 |
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