Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-Corona virus sympathy
-Health officials say virus vaccine development has 'no glitches'
-Feb 11 2020: $500m IPO @ $19 per share
-mRNA-1273 coronavirus vaccine sent for testing
-March 16 2020: First human trial of COVID-19 vaccine
-April 15 2020: PT increase to 41, Making new ATH's
-April 16 2020: Wins $483 Million US Government Award To Develop Coronavirus Vaccine
-May 01 2020: Moderna and Lonza Announce Worldwide Strategic Collaboration to Manufacture Modernas Vaccine (mRNA-1273)
-May 06 2020: Weak earnings / lags estimates, FDA approves phase 2 of COVID-19 vaccine
-Jun 03 2020: MRNA in top 5 pick for vaccine candidate
-Jul 13 2020: MRNA to join NASDAQ 100 Index
Technical Analysis
-SPY pattern: Mountain
-Intraday pattern: Bull Flag
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: First test long of 71.5 by 71 zone
Confluence: Whole $
Strike Zone: 71.4 - 71
Sizing (lots + emergency): 1 (not enough margin for emergency lot so had tight leash)
Risk (stop / Rs): Hold below 71
Review / Lessons Learned
Almost stopped out of this one but 71 was supporting, trade of the day
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-07-13 11:57:36 | MRNA | buy | $71.220 | long |
| 2020-07-13 12:00:25 | MRNA | sell | $71.520 | long |
| 2020-07-13 12:01:29 | MRNA | sell | $71.740 | long |
| 2020-07-13 12:01:29 | MRNA | sell | $71.730 | long |
| 2020-07-13 12:01:43 | MRNA | sell | $71.990 | long |
| 2020-07-13 12:01:59 | MRNA | sell | $72.100 | long |
| 2020-07-13 12:01:59 | MRNA | sell | $72.100 | 0 |
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