No shelves / no dilution, High IO and higher than usual float
-Aug 07 2020: Earnings: Rev up 25% Y/Y, Signings up 90% Y/Y
-SPY pattern: Consolidation
-Intraday pattern: Consolidation
-Other notes: N/a
Strategy: First test long of 3.8 level
Confluence: VWAP
Strike Zone: 3.8 - 3.7
Sizing (lots + emergency): 1000
Risk (stop / Rs): 3.6
Low grade setup that I only took with small size but turned into a monster morning runner. Best trade of the day on only 500 shares.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-08-07 09:46:31 | CNDT | buy | $3.855 | long |
2020-08-07 09:46:31 | CNDT | buy | $3.855 | long |
2020-08-07 09:46:31 | CNDT | buy | $3.858 | long |
2020-08-07 09:46:31 | CNDT | buy | $3.860 | long |
2020-08-07 09:46:31 | CNDT | buy | $3.860 | long |
2020-08-07 09:48:34 | CNDT | sell | $3.940 | long |
2020-08-07 09:49:17 | CNDT | sell | $4.090 | 0 |
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