SRNE Trade on Aug 25, 2020 12:45 from beno: Tradervue User Stock Trades.

Gravatar

Shared by
beno

 

Fundamentals

N/a

Catalysts / News / Painting the picture

-COVID Antibody STI-1499 Showed Ability To Completely Inhibit In Vitro Virus Infection In Preclinical Studies
-Jul 26 2020: Sorrento To Buy SmartPharm For Potential Covid-19 Treatment
-Jul 29 2020: Licenses 30-Minute Spit Test for Covid-19
-Aug 04 2020: on news near EOD / talking about new COVID antibody test

Technical Analysis

-SPY pattern: Bowl
-Intraday pattern: Bull Flag
-Other notes: N/a

Strategy / Confluence / Sizing Guide / Risk

Strategy: Trend Rotation
Confluence: 1min-JL
Strike Zone: 8.25 - 8.2
Sizing (lots + emergency): 500
Risk (stop / Rs): 8.18

Review / Lessons Learned

Stock made a LL then equal high and started holding up, good sign of trend changing, trade was a scratch as sellers still held it down, supply not yet filtered out.


Execution detail:

Date/time Symbol Side Price Position
2020-08-25 12:45:02 SRNE buy $8.250 long
2020-08-25 12:45:02 SRNE buy $8.250 long
2020-08-25 12:45:02 SRNE buy $8.250 long
2020-08-25 12:45:02 SRNE buy $8.250 long
2020-08-25 12:45:02 SRNE buy $8.250 long
2020-08-25 12:52:49 SRNE sell $8.280 0
2020-08-25 12:59:11 SRNE buy $8.230 long
2020-08-25 12:59:11 SRNE buy $8.230 long
2020-08-25 12:59:11 SRNE buy $8.230 long
2020-08-25 12:59:11 SRNE buy $8.230 long
2020-08-25 13:19:42 SRNE sell $8.190 long
2020-08-25 13:19:42 SRNE sell $8.190 0


Leave a comment about this trade!

You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes just a few seconds to sign up, and it's free!

View plans, Sign up for free, or Log in