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: Consolidation
-Intraday pattern: Bull Flag
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: Ext. Cap.
Confluence: Half $
Strike Zone: 8.5 - 9
Sizing (lots + emergency): 250
Risk (stop / Rs): Hold above 8.5
Review / Lessons Learned
Saw bids hold only once then took the cut, saw how good the 15m macro level was in hindsight. B/E (-0.25R)
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-11-25 09:45:44 | KXIN | sell | $8.550 | short |
| 2020-11-25 09:45:44 | KXIN | sell | $8.550 | short |
| 2020-11-25 09:47:06 | KXIN | buy | $8.630 | 0 |
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