Shared by
beno
Fundamentals
-Float = 69.7M
Catalysts / News / Painting the picture
-May 19 2020: HENSOLDT and Nano Dimension Achieve Breakthrough in Electronics 3D Printing
-Jun 02 2020: company technology approved and deployed for US Army
Technical Analysis
-SPY pattern: Parabolic Fade
-Intraday pattern: Descending Triangle
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: Distribution
Confluence: N/a
Strike Zone: N/a
Sizing (lots + emergency): 1000
Risk (stop / Rs): 5.07
Review / Lessons Learned
I think the key mistake here was smacking the bid before seeing the 5.01 bid prop be taken out fully (because 5 had enough liquidity to enter anyways). -1R on this, just too many layers of shorts stuck making it tough to trade.
Lessons Learned: Wait for original bid prop to be fully taken before hitting the bids on a distribution trade.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-10-16 14:16:41 | NNDM | sell | $5.010 | short |
| 2020-10-16 14:16:52 | NNDM | buy | $5.080 | short |
| 2020-10-16 14:16:52 | NNDM | buy | $5.080 | short |
| 2020-10-16 14:16:52 | NNDM | buy | $5.080 | short |
| 2020-10-16 14:16:52 | NNDM | buy | $5.080 | 0 |
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