Shared by
beno
Fundamentals
-Float = 25M
Catalysts / News / Painting the picture
-Jun 30 2020: Sympathy from EV sector strength
-Jul 28 2020: Collaborate To Develop High Power Inductive/Wireless and Enhanced DC Fast Charging Systems
-Aug 20 2020: Denies short/fraud report allegations
Technical Analysis
-SPY pattern: Fade
-Intraday pattern: Bull Flag
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: First Test long of 23 level
Confluence: Whole $, 1m-JL
Strike Zone: 23 - 22.5
Sizing (lots + emergency): 500
Risk (stop / Rs): Hold below 22.5
Review / Lessons Learned
Got decent size for setup quality but yet again the true money to be made was on the "second test" and I didn't get back in when the level was further penetrated.
Lessons Learned: On First Tests (and FT-15's), if the level is of A+ grade, you must keep trying the setup as new lows are made into the strike zone, because often times the real bounce will happen after a new low on the leg is made.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-11-20 12:55:31 | BLNK | buy | $23.060 | long |
| 2020-11-20 12:55:36 | BLNK | buy | $22.900 | long |
| 2020-11-20 12:55:36 | BLNK | buy | $22.900 | long |
| 2020-11-20 12:57:25 | BLNK | sell | $23.300 | long |
| 2020-11-20 12:57:25 | BLNK | sell | $23.310 | long |
| 2020-11-20 12:57:25 | BLNK | sell | $23.310 | long |
| 2020-11-20 12:57:42 | BLNK | sell | $23.254 | long |
| 2020-11-20 12:58:29 | BLNK | sell | $23.204 | long |
| 2020-11-20 12:59:53 | BLNK | sell | $23.244 | long |
| 2020-11-20 13:01:12 | BLNK | sell | $23.060 | long |
| 2020-11-20 13:01:12 | BLNK | sell | $23.050 | 0 |
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