Shared by
beno
Fundamentals
Float = 549M
Catalysts / News / Painting the picture
-Dec 01 2020: BlackBerry and Amazon team up on vehicle data and software platform
Technical Analysis
-SPY pattern: Consolidation
-Intraday pattern: Mountain
-Other notes: Very strong morning and very weak afternoon. Volume + float was not indicating a Mountain pattern however...
Strategy / Confluence / Sizing Guide / Risk
Strategy: First test long of 8.5 level
Confluence: Half $, 1m-JL
Strike Zone: 8.6 - 8.3
Sizing (lots + emergency): 250
Risk (stop / Rs): Hold below VWAP (8.3 ish)
Review / Lessons Learned
Decent wallet padder scalp, went ITM pretty quickly, again sad that I didn't size on this one considering how good news is. +1R here
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-12-01 11:25:52 | BB | buy | $8.600 | long |
| 2020-12-01 11:25:52 | BB | buy | $8.600 | long |
| 2020-12-01 11:31:25 | BB | sell | $8.870 | long |
| 2020-12-01 11:31:33 | BB | sell | $8.900 | long |
| 2020-12-01 11:31:35 | BB | sell | $8.940 | long |
| 2020-12-01 11:32:51 | BB | sell | $8.980 | long |
| 2020-12-01 11:34:09 | BB | sell | $9.040 | 0 |
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