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NKLA

Nov 24, 2020 14:19


Tags:

Distribution ETB 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: Distribution
Confluence: N/a
Strike Zone: N/a
Sizing (lots + emergency): 250
Risk (stop / Rs): reclaim and hold of 34.2

Review / Lessons Learned

Worthy distribution attempt but had to cut in the end because there was no follow through on selling, B/E


Execution detail:

Date/time Symbol Side Price Position
2020-11-24 14:19:08 NKLA sell $34.264 short
2020-11-24 14:19:08 NKLA sell $34.262 short
2020-11-24 14:19:08 NKLA sell $34.260 short
2020-11-24 14:21:05 NKLA buy $34.300 0


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