Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-Aug 20 2020: Exceeds $1.5B in Long-Term Revenue Contracts with Signing of Trafigura
Technical Analysis
-SPY pattern: Runner
-Intraday pattern: Runner
-Other notes: Huge volume (950M) very grindy, can get shaken out watching tape
Strategy / Confluence / Sizing Guide / Risk
Strategy: First test long of 1.85 level
Confluence: N/a
Strike Zone: 1.88 - 1.84
Sizing (lots + emergency): 500
Risk (stop / Rs): Hold below 1.88 / weak tape
Review / Lessons Learned
Wasn't really convicted on the setup, only got entry 10 minutes after break-out. cut it after it couldn't rip. Our thesis was that shorts were trapped and a HOD clear-out was possible, but there still was too much supply, probably from all the long scalpers taking profits.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-08-20 15:34:44 | GEVO | buy | $1.880 | long |
| 2020-08-20 15:37:02 | GEVO | sell | $1.870 | 0 |
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