Shared by
beno
Fundamentals
-Float = ~5M ish (sources says anywhere from 1m to 28m, behaves like small float)
Catalysts / News / Painting the picture
-Oct 14 2020: Shell company that holds EV's
-Nov 20 2020: Potential EV sympathy, company only resales used vehicles, no other news
Technical Analysis
-SPY pattern: Fade
-Intraday pattern: Bull Flag
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: First test long of 5.5 level
Confluence: Half $
Strike Zone: 5.6 - 5.4
Sizing (lots + emergency): 250
Risk (stop / Rs): Hold below 5.4 or heavy tape
Review / Lessons Learned
Tape was heavy so had to cut it and it was correct read. Wanted to get back in but saw the same heavy tape so I avoided jumping back in. Bad read the second time around as stock spiked and rotated higher slightly after. B/E
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-11-20 11:21:21 | KXIN | buy | $5.590 | long |
| 2020-11-20 11:21:22 | KXIN | buy | $5.590 | long |
| 2020-11-20 11:21:25 | KXIN | buy | $5.590 | long |
| 2020-11-20 11:22:52 | KXIN | sell | $5.650 | long |
| 2020-11-20 11:22:52 | KXIN | sell | $5.650 | 0 |
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