MRNA Trade on Jul 27, 2020 10:49 from Cklamb: Tradervue User Stock Trades.

MRNA
Intraday Fundamentals
• 07:39 AM EDT, 07/27/2020 (MT Newswires) -- Moderna (MRNA) said premarket Monday it has begun dosing the first patients in the phase 3 clinical trial of its mRNA vaccine candidate, mRNA-1273, against COVID-19.
• The study, which is being conducted in partnership with National Institute of Allergy and Infectious Diseases, the Biomedical Advanced Research and Development Authority, and contract research organization PPD (PPD), is expected to enroll 30,000 participants. Its primary endgoal is the prevention of symptomatic COVID-19 disease, according to the biotechnology company.
• Moderna also said it remains on track to be able to deliver approximately 500 million doses per year and possibly up to 1 billion doses per year starting in 2021 as a result of its strategic partnerships with Lonza Ltd. and Catalent (CTLT).
Technicals
ADV 26.16 RVOL 1.07 ATR 6.92 BETA SHORT 8% Inst Own 50.7%
Daily Chart

Hourly Chart

Intra Chart

Trading Strategy
• Long 74??? Maybe 76 on a scalp or move 2move
Reading the Tape

I cannot say that I got anything on this when it counted.
Trade Management

Trade Notes

I would just hack myself trying to get this off 78.50. I would step in sizing and when I committed to the first entry I got filled bad and started this almost on tilt. I would just chop myself up not able to hold through the spike below 78.50. I would finally try again on the extension and get myself way oversized adding to the trade. However, when it gave me the a shot to flatten at BE I would market out and take another bad fill. I did have the presence of mind to work it one last time for a solid win that would have made the rest of the attempts worth it. A better plan would have to be willing to take a deeper stop and not add to a trade so quickly.
I would geta solid shot on this later in the day to make up for another good chunk of the lose here. I can not get that large. I do not trade as well.