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beno

 

NKLA

Nov 24, 2020 10:57


Tags:

Confluence-1mJL Confluence-Half$ ETB First Test IB Intraday Frontside LIVE Scalping Swing Frontside

Fundamentals

N/a

Catalysts / News / Painting the picture

-Jun 08 2020: Resuming production / upcoming investor conference
-Jun 09 2020: CEO on Yahoo Finance / Stock popular on Robinhood
-Sep 09 2020: Hindenburg short report / Citron backing them up / Company to respond next week
-Sep 30 2020: company issued a statement on strategy and vision / GM to potential take larger stake in NKLA

Technical Analysis

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

Strategy / Confluence / Sizing Guide / Risk

Strategy: First Test long of 34.5
Confluence: 1m-JL, half $
Strike Zone: 34.5 - 33
Sizing (lots + emergency): 250
Risk (stop / Rs): Hold below 34

Review / Lessons Learned

Level for C grade for the First Test but the stock was over extended to downside so it made up for lack of consolidation. +1R


Execution detail:

Date/time Symbol Side Price Position
2020-11-24 10:57:48 NKLA buy $34.825 long
2020-11-24 10:57:48 NKLA buy $34.830 long
2020-11-24 10:57:48 NKLA buy $34.830 long
2020-11-24 11:00:14 NKLA sell $35.420 long
2020-11-24 11:00:14 NKLA sell $35.420 long
2020-11-24 11:00:39 NKLA sell $35.300 long
2020-11-24 11:01:36 NKLA sell $35.210 long
2020-11-24 11:02:52 NKLA sell $35.150 0


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