Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-Jul 14 2020: Announces Investigator-Sponsored Trial of Fostamatinib in Patients with COVID-19 Pneumonia
Technical Analysis
-SPY pattern: Runner
-Intraday pattern: Consolidation
-Other notes: Also notes of Bowl and Bull flag intraday price action
Strategy / Confluence / Sizing Guide / Risk
Strategy: First test long of 3.85 level
Confluence: VWAP
Strike Zone: 3.9 - 3.8
Sizing (lots + emergency): 3+2
Risk (stop / Rs): Hold below 3.8
Review / Lessons Learned
Level already got tested before but price went lower another 15 cents to my original level, didn't want to get aggressive because it is backside.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-07-14 13:24:41 | RIGL | buy | $3.837 | long |
| 2020-07-14 13:24:41 | RIGL | buy | $3.840 | long |
| 2020-07-14 13:24:41 | RIGL | buy | $3.840 | long |
| 2020-07-14 13:24:41 | RIGL | buy | $3.840 | long |
| 2020-07-14 13:25:16 | RIGL | sell | $3.873 | long |
| 2020-07-14 13:25:16 | RIGL | sell | $3.873 | long |
| 2020-07-14 13:26:29 | RIGL | sell | $3.940 | long |
| 2020-07-14 13:26:29 | RIGL | sell | $3.940 | long |
| 2020-07-14 13:26:29 | RIGL | sell | $3.940 | 0 |
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