Shared by
beno
Fundamentals
-Float = 27M
Catalysts / News / Painting the picture
-Nov 10 2020: Announces Bemarituzumab Plus Chemotherapy Demonstrates Significant Progression-Free and Overall Survival Benefit Compared to Placebo
-Nov 11 2020: Multiple PT upgrades
Technical Analysis
-SPY pattern: Consolidation
-Intraday pattern: Bear Flag
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: First Test long of 24 level in PM
Confluence: Whole $, VWAP
Strike Zone: 24.5 - 23.5
Sizing (lots + emergency): 200
Risk (stop / Rs): Hold below 23.5
Review / Lessons Learned
This was an A+ setup to take but it simply didn't bounce. Mentor's thoughts on it was float was big so more bagged longs on macro view. Still don't regret taking trade as it was A+. -1R here
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-11-11 07:35:02 | FPRX | buy | $24.380 | long |
| 2020-11-11 07:35:17 | FPRX | buy | $24.350 | long |
| 2020-11-11 07:35:55 | FPRX | buy | $24.190 | long |
| 2020-11-11 07:36:47 | FPRX | buy | $24.200 | long |
| 2020-11-11 07:40:05 | FPRX | sell | $24.440 | long |
| 2020-11-11 07:41:05 | FPRX | buy | $23.740 | long |
| 2020-11-11 07:43:49 | FPRX | buy | $23.620 | long |
| 2020-11-11 07:43:56 | FPRX | sell | $23.500 | long |
| 2020-11-11 07:43:56 | FPRX | sell | $23.500 | 0 |
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