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 4 level
Confluence: Whole $
Strike Zone: 4.05 - 3.9
Sizing (lots + emergency): 1000
Risk (stop / Rs): 4.82
Very low grade setup even with the Whole $ confluence because its top heavy and on backside at that point. Was still heavy when it tried to reclaim 4 so took it off, saved myself further downside.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-08-07 10:44:41 | CNDT | buy | $3.955 | long |
2020-08-07 10:45:15 | CNDT | sell | $4.020 | long |
2020-08-07 10:46:18 | CNDT | sell | $4.015 | long |
2020-08-07 10:46:18 | CNDT | sell | $4.015 | 0 |
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