CEMI Trade on Dec 2, 2020 13:27 from beno: Tradervue User Stock Trades.

Shared by
beno

Fundamentals

Float = 17M

Catalysts / News / Painting the picture

-Dec 02 2020: Awarded $12.7 Million by BARDA for Development of Rapid DPP Respiratory Antigen Panel

Technical Analysis

-SPY pattern: Runner
-Intraday pattern: Bull Flag
-Other notes: Tried to fill gap at 8.25 and failed / sellers stepped in prematurely

Strategy / Confluence / Sizing Guide / Risk

Strategy: Ext. Cap short of 8 level
Confluence: N/a
Strike Zone: 7.8 - 8.25 (for initial first paraboler)
Sizing (lots + emergency): 250 / 1000
Risk (stop / Rs): Hold above 8.5 on attempt 1 and hold above 7.4 on attempt 2

Review / Lessons Learned

Trade of the day, like how I sized in bigger after second dump, bounce was weak and couldn't get over VWAP. +3R here

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-12-02 13:27:40	CEMI	sell	$7.780	short
2020-12-02 13:27:40	CEMI	sell	$7.780	short
2020-12-02 13:28:24	CEMI	buy	$7.620	short
2020-12-02 13:28:30	CEMI	buy	$7.640	short
2020-12-02 13:29:03	CEMI	buy	$7.530	short
2020-12-02 13:29:39	CEMI	buy	$7.600	short
2020-12-02 13:30:19	CEMI	buy	$7.610	0
2020-12-02 14:06:15	CEMI	sell	$7.220	short
2020-12-02 14:06:15	CEMI	sell	$7.220	short
2020-12-02 14:12:22	CEMI	sell	$7.193	short
2020-12-02 14:12:22	CEMI	sell	$7.193	short
2020-12-02 14:12:22	CEMI	sell	$7.190	short
2020-12-02 14:23:57	CEMI	sell	$7.143	short
2020-12-02 14:23:57	CEMI	sell	$7.140	short
2020-12-02 14:23:57	CEMI	sell	$7.145	short
2020-12-02 14:23:57	CEMI	sell	$7.140	short
2020-12-02 14:29:21	CEMI	buy	$7.097	short
2020-12-02 14:29:21	CEMI	buy	$7.098	short
2020-12-02 14:29:21	CEMI	buy	$7.100	short
2020-12-02 14:32:59	CEMI	buy	$7.030	short
2020-12-02 14:32:59	CEMI	buy	$7.027	short
2020-12-02 14:33:54	CEMI	buy	$6.950	short
2020-12-02 14:33:54	CEMI	buy	$6.948	short
2020-12-02 14:35:13	CEMI	buy	$6.970	short
2020-12-02 14:35:13	CEMI	buy	$6.970	short
2020-12-02 14:35:13	CEMI	buy	$6.970	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=CEMI&trade=21941714&end=20201202144213&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=CEMI&trade=21941714&end=20201202154413&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=CEMI&trade=21941714&end=20201202160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=CEMI&trade=21941714&end=20210101&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Steve_Trades

2020-12-02 18:28:47

Great summaries, beno! Always enjoy looking these over.....lots to learn. Cheers,