Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-Jun 08 2020: Begins Proposed Site Visits in Second Phase of BDO-Led Search for SOLO EV U.S. Assembly Facility and Engineering Technical Center
-Jul 07 2020: EV sector sympathy
Technical Analysis
-SPY pattern: Consolidation
-Intraday pattern: Runner, Big Pullback
-Levels: 4, 4.15, 4.5, 4.9, 5.1 - 5.2, 6
Strategy / Confluence / Sizing Guide / Risk
Strategy: First test long of 4.9 level
Confluence: N/a
Strike Zone: 4.9 - 4.8
Sizing (lots): 2
Risk (stop / Rs): Hold below 4.8
Review / Lessons Learned
I was skeptical to take this trade because of how much consolidation it had done above the level, my TAB's were taking it so I got in with 1 lot, Still a green trade but it had a hard time bouncing. Then it squeezed from the 4.45 support level...lol
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-07-06 14:48:29 | SOLO | buy | $4.880 | long |
| 2020-07-06 14:48:29 | SOLO | buy | $4.880 | long |
| 2020-07-06 14:48:29 | SOLO | buy | $4.880 | long |
| 2020-07-06 14:48:29 | SOLO | buy | $4.880 | long |
| 2020-07-06 14:48:29 | SOLO | buy | $4.880 | long |
| 2020-07-06 14:48:29 | SOLO | buy | $4.870 | long |
| 2020-07-06 14:48:29 | SOLO | buy | $4.880 | long |
| 2020-07-06 14:51:23 | SOLO | sell | $4.940 | long |
| 2020-07-06 14:51:23 | SOLO | sell | $4.940 | long |
| 2020-07-06 14:53:33 | SOLO | buy | $4.770 | long |
| 2020-07-06 14:59:24 | SOLO | sell | $4.850 | long |
| 2020-07-06 14:59:24 | SOLO | sell | $4.850 | long |
| 2020-07-06 15:00:12 | SOLO | sell | $4.820 | long |
| 2020-07-06 15:00:12 | SOLO | sell | $4.820 | 0 |
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